The CNN Money Fear and Greed index moved to the "Greed" zone following the release of US inflation data.
US stocks closed higher on Thursday after consumer price data showed inflation cooling in December, increasing prospects that the US Federal Reserve might slow interest rate increases.
The outlook for the American economy has been largely gloomy in recent months due to rising interest rates, weak consumer spending, and inflation reaching a four-decade high. Most economists predict some kind of recession in 2023.
A whale with a lot of money to spend has taken a noticeably bearish stance on Bank of America.
Looking at options history for Bank of America (NYSE:BAC) we detected 17 strange trades.
Bank of America's (NYSE:BAC) short percent of float has risen 7.25% since its last report. The company recently reported that it has 51.95 million shares sold short, which is 0.74% of all regular shares that are available for trading.
The fourth-quarter reporting season is around the corner, and it is one of the key catalysts that will likely determine the near-term stock market trajectory.