BofA says its Sell Side Indicator was unchanged at 56.2% in June, its highest since February 2025, as strategists kept equity allocations steady

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BofA says it is maintaining a long USD bias

BofA says its Sell Side Indicator was unchanged at 56.2% in June, its highest since February 2025, as strategists kept equity allocations steady

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  • The indicator remains neutral but closer to a sell than buy signal, implying a 12% S&P 500 price return over 12 months, BofA says
  • The bank itself says it favours large-cap value and cyclicals over long-duration secular growth

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