Bank of America says don’t count out U.S. stocks just yet. HSBC downgraded them for second time in a month. - MarketWatch
1. Bank of America supports buying U.S. equities despite recent skepticism. 2. The S&P 500 has risen 4.5% since March 13., recovering from drawdown. 3. HSBC downgrades U.S. equities to underweight, citing depressed sentiment. 4. Policy changes under the new administration may impact market confidence. 5. Medium-term equity outlook remains positive despite recent underperformance.