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Wall Street Analysts Downgrade S&P 500 Ratings Amid Two-Month Rally

GateNews
StocksIndices

According to Jin10, Wall Street analysts have begun downgrading ratings on S&P 500 components after two months of consecutive gains. According to Jefferies data, the proportion of constituents with "buy" ratings remains nearly flat compared to four years ago and significantly below peak levels during the dot-com bubble.

Jefferies Senior Vice President Andrew Greenebaum stated that sell-side analysts have yet to show buying signals.

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