Wall Street Analysts Skeptical After Two-Month Stock Market Rally

Wall Street analysts are expressing skepticism following a two-month rally in the stock market. According to ChainCatcher, researchers are downgrading ratings for companies within the S&P 500 index. Data from Jefferies indicates that the proportion of S&P 500 components receiving a 'buy' rating is nearly the same as four years ago, significantly lower than the peak levels during the internet bubble era. Andrew Greenbaum, Senior Vice President at Jefferies, noted that there are currently no signs of buying interest from the sell-side.