Stephen Suttmeier

U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn’t committed to a timeframe for starting rate cuts despite the recent soft growth...

The stock market has recently shown a bullish signal, indicating that the S&P 500 may reach record highs this summer, according to Bank of America. What Happened: The S&P 500 and the NYSE advance-decline lines both hit new all-time highs on Friday, as per a note from the bank on Tuesday,...

In a recent bullish forecast, Bank of America predicts a potential 19% surge in the S&P 500 by August 2025. What Happened: Stephen Suttmeier, Bank of America’s technical analyst, highlighted that the S&P 500 has demonstrated 12 straight months of positive year-over-year gains, from...

The stock market’s long-term bull rally, now in its 11th year, is poised to continue, with the S&P 500 potentially surging by 34% by the end of 2026, according to Bank of America. What Happened: The bank’s technical strategist, Stephen Suttmeier, predicts that the S&P 500 could...

The S&P 500 could potentially observe a 23% surge if it overcomes a crucial level, as suggested by Bank of America. What Happened: Stephen Suttmeier, a technical research strategist at Bank of America, stated last week that a firm break above the low 4,600s might confirm a ‘cup and...

The SPDR S&P 500 ETF Trust (NYSE: SPY) kicked off the month of October with back-to-back monster days, bouncing off of new 2022 lows in late September. In fact, the stock market just did something it hasn't done since 2013, and it could be a bullish sign for investors. The Numbers: On...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.1% on Monday after a horrendous performance last week. Investors were spooked by a higher-than expected CPI inflation number, and Bank of America analyst Stephen Suttmeier said Friday that the next couple of weeks may be very difficult...

The S&P 500 rallied off of its lows on Tuesday, but it is facing key technical resistance levels. Analysts say investors shouldn't get too optimistic until the market's bearish trend is broken. The SPDR S&P 500 ETF Trust (NYSE: SPY) got off to a hot start to the week on Tuesday,...

The difference between the yield on 10-year and two-year U.S. Treasury bonds has dropped below 0.2% and is now at its lowest level since March 2020. Unfortunately, a flattening or negative yield curve can be a very negative indicator for the economy. What Is An Inverted Yield Curve? The yield curve...

Rising interest rates are typically viewed as bad news for stock prices. Conventional wisdom suggests higher interest rates increase the cost of capital for companies borrowing money, potentially stifling economic growth. However, Bank of America analyst Stephen Suttmeier said Tuesday that...

The SPDR S&P 500 ETF (NYSE: SPY) is now up nearly 95% from its March 2020 lows, and it’s understandable why some investors may be getting a bit uneasy about the big run after the S&P 500 tacked on another 14.4% gain in the first half of 2021. Bank of America analyst Stephen Suttmeier...

The ARK Innovation ETF (NYSE: ARKK) had another rough morning on Friday as its brutal month continues. Shares of the popular tech ETF are now down 18.9% in the past month, but Bank of America technical analyst Stephen Suttmeier said Friday that the technical picture for ARKK and several of its top...

The S&P 500 is off to a hot start this year, finally pushing above 2,941 to a new all-time high. Bank of America technical analyst Stephen Suttmeier discussed what investors should look for when the S&P finally makes it to new highs. Suttmeier said in a research note the S&P 500 flipped...

The Dow Jones Industrial Average recorded last week its worst weekly performance in a decade, and the Christmas Eve trading session saw the worst-ever performance for the day. Will the sell-off carry over into 2019? BofA: 6 More Months Of Selling Bank of America Merrill Lynch chief equity...

A recent Bank of America research report warned investors to "tread lightly" in global markets. The pattern and longer-term indicators suggest selling into rallies. Analyst Stephen Suttmeier said the S&P 500 has not decisively broken down but the risk remains for a distribution top that goes...