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No Reason to Be Bearish - Is Wall Street Too Confident?

April 11, 2021 4:07 AM newsfeedback@fool.com (Ryan Downie) Posted: Updated: April 11, 2021 6:51 AM Bank of America‘s chief investment strategist made some extremely strong comments recently which are sure to resonate whether you are a bull or bear yourself. Following the bank’s survey of large asset managers, it reported an optimistic consensus about stock market growth based on economic recovery, low interest rates, and stimulus. This raises the question: Are we looking at nothing but blue skies ahead, or is everyone overconfident as we march toward a cliff? Lots of good news There are certainly reasons to be optimistic right now. Signs of economic recovery are becoming more clear, with unemployment falling, consumer sentiment rising, and better-than-expected corporate financial results dominating the most recent quarter.

No Reason to Be Bearish -- Is Wall Street Too Confident?

Lule Demmissie

Lule Demmissie
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