HSBC Says S&P 500 Bottom Very Likely In, Sees Stock Market Flashing Multiple Bullish Signals

HSBC Says S&P 500 Bottom Very Likely In, Sees Stock Market Flashing Multiple Bullish Signals

The British universal bank and financial services group HSBC says the US equities market has likely hit bottom. In a new interview on Squawk on the Street, the bank’s chief multi-asset strategist Max Kettner says that the S&P 500 closing low at 6,343 on Monday could be the near-term low. “[U]ntil very recently, we didn’t get this overall pretty contrarian bias signal. We haven’t had a pretty sort of strong signal that would tell us everyone’s pretty much out of the market. That, as of last week, is no longer the case. We are seeing that across the board from hedging, from skews and put-call ratios to things like surveys, to things like systematic positioning as well so I think very likely the low is in.” He says that consumer sentiments and positioning indicators are flashing bullish signals for the stock market. “As of last week, both systematic positioning but particularly discretionar

Source: https://dailyhodl.com/2026/04/08/hsbc-says-sp-500-bottom-very-likely-in-sees-stock-market-flashing-multiple-bullish-signals/