Today’s Chart of the Day was shared in a note by Steven Suttmeier at BofA Global Research. The chart shows the S&P 500 (top) and a ratio of Small Caps vs. Large Caps (bottom) over the past century. One of the most bearish technical developments lately has been the underperformance from Small Cap stocks, as the Russell […]
Stephen Suttmeier: All-time Highs for the S&P in 2019?
On Tuesday, Bank of America Chief Technical Strategist Stephen Suttmeier appeared on CNBC to give his thoughts on the current environment and what he sees for the remainder for 2019. Stephen first notes the 2800 level, a zone that nearly all technicians are paying attention to at the moment, as it is a major resistance area. […]
Stephen Suttmeier’s Short & Long-Term S&P 500 Outlook
Stephen Suttmeier, Chief Equity Technical Strategist at Bank of America Merrill Lynch, was on CNBC ‘Futures Now’ with Seema Mody Friday after market close discussing his thoughts on the long-term trend and short-term support and resistance levels in the S&P 500. Stephen begins by stating that the S&P 500 is in an overall secular bull […]