Stock Market Outlook: BofA
Live Blog Update #1 Published
← Back to Full Coverage: S&P 500 INDEX (SPX) Live: Markets Shun Risk Amid Economic Hurdles
According to Bank of America, investor sentiment regarding the wider stock market has seen an uptick. The Wall Street firm’s equity risk-love indicator, which showed deep panic just last month, has most recently registered a neutral position. Should the pattern persist, this positive change suggests that equities could soon move to challenge their all-time highs. The SPX ETF remains lower by 0.35%.
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The bulk of S&P 500 companies have now unveiled their Q1 earnings, and the consensus from FactSet data points to a largely impressive showing. Among those that have already reported, more than three-quarters (78%) of S&P 500 companies posted a positive EPS surprise, while close to two-thirds (62%) also beat their revenue projections. This positive trend, however, is tempered by a warning from JPMorgan CEO Jamie Dimon, who cautions that Wall Street’s earnings estimates on S&P 500 companies have further to decline given persistent tariff uncertainty. The SPX ETF remains lower by 0.42%.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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