Wall Street Sentiment Still Cautious, Pointing to More Gains Ahead for Stocks: BofA
- Lack of investor euphoria suggests more upside for stocks, per BofA
- Sentiment on Wall Street is still subdued, not at peaks that end bull markets
- BofA's Sell Side Indicator shows neutral sentiment, predicting 14% stock gains
- Macro concerns like China, geopolitics, and Fed fuel cautious outlooks
- Templeton "Bull markets born on pessimism, die on euphoria"