Bank of America sees a broader breadth US equity rally in 2023 H2

<p>Comments via Bank of America on US equities – market breadth and funds inflow</p><p>BoA expects stocks other than tech to join in the rally in H2</p><ul><li>“Just to get to the historical average 12-month breadth of 50% by year-end, about a quarter of stocks in the S&amp;P 500
would have to climb at least 5.7% assuming the index stays flat through the year end,” </li><li>

“We expect breadth to continue to broaden out as seen in June, and expect the equal-weighted index to outperform the cap-weighted index in 2H” </li></ul><p>Bank of America further note that their clients were big buyers of stocks last week:</p><ul><li>bank’s clients bought $5.5 billion worth of equities last week</li><li>single stocks and ETFS seeing sharp inflows</li><li>flows led by tech and communication services (each saw US$1bn+ inflows)</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.