Investors have gotten a bit more bearish in recent days after the SPDR S&P 500 ETF Trust (NYSE:SPY) hit new 2022 lows last week, but the latest data on Wall Street analyst sentiment suggests the sell-side may not be quite bearish enough for the market to hit bottom.
Bank of America analyst Savita Subramanian said Monday that the bank's Sell Side Indicator (SSI) has held up relatively well during the latest round of market volatility, suggesting "no full capitulation on Wall Street yet."
