Stock bullishness across Wall Street is back to pre-pandemic levels - and will likely spike even more after the US election, BofA says | Markets Insider

Sell Side Indicator - which tracks Wall Street's bullishness toward stocks - rose to 56% in September, its highest since the coronavirus pandemic began.

In past instances when the gauge sat this low, returns over the next year were positive 94% of the time, they added. The reading remains in the same"neutral" territory it entered in 2016. The bank's"buy" threshold, fell slightly to 51.4%, while the level when it recommends selling shares fell to 60.7%.US Investing Championship hopeful Evan Buenger raked in a 131.9% return through August. He shares the distinct spin he's putting on a classic trading strategy that's led to his outsize returns.

The indicator's uptick comes as investors and strategists alike gird for election-season volatility. Though several firms warn that delayed election results could keep markets frothy for weeks, precedent suggests the months immediately before and after the election will see sentiment turn even more optimistic.

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