Bank of America reveals S&P 500 ‘cheat sheet’
By Dana Sullivan Kilroy
Published on March 17, 2026.
Bank of America has published a detailed "S&P 500 Relative Value Cheat Sheet" to help investors understand what is priced in the S&P500 and what is not. The research note stated that the S.P 500 is trading higher in WTI terms than any other point in history except for COVID and the dot-com bubble. The team found that the conflict with Iran has priced in de-escalation but hasn't priced in oil prices staying higher for a longer period. They recommended buying S.p 500 Energy stocks rather than S&p 500 index funds. However, they warned that trading ideas and investment strategies may give rise to significant risk and are not suitable for all investors.
Related Articles
S&P places Iraq at risk of downgrade as Hormuz shutdown hurts oil output
S&P Global placed Iraq's "B-" long-term credit rating on CreditWatch negative due to a sharp drop in oil output due to escalating Middle East conflict.
Wall Street found an ETF tax loophole worth $8.7 billion
A growing trend of using Section 351 exchanges to seed ETFs with appreciated securities creates tax benefits for wealthy individuals, potentially saving them money in future.
World ID wants you to put a cryptographically unique human identity behind your AI agents
World ID, a cryptographically secure platform for human-controlled AI agents, aims to provide a unified front for online interactions and sensitive reputational issues.