Experts say those stock moves and shuffling sectors are common during a bull market.
But Bank of America is calling today's conditions something else — a buffalo market — which is still in the bull family.
But unlike the bull market, it may get tired after a strong runup.
"It might roam, it might wander in the summer months," said Marci McGregor, head of portfolio strategy at Merrill and Bank of America Private Bank.
The firm's outlook sees markets finishing higher this year, based on factors including earnings, the investment cycle, financial conditions, interest rates and generative artificial intelligence.
Persons:
Marci McGregor, McGregor
Organizations:
Financial, Bank of America, Merrill, Bank of America Private Bank
Locations:
New York City