Bank of America strategists: U.S. stock sentiment reached its most optimistic level since May 2022

A Reverse Indicator from Bank of America showed that bullish sentiment in the U.S. stock market reached its highest level in more than 18 months. Sell-side indicators rising 100 basis points to 54.6% in December, improving for the second consecutive month and the largest month-on-month increase in more than three years, strategist Savita Subramanian and others wrote.