BofA's Bullishness Gauge Hits Highest Level Since 2021. Its Chief Investment Strategists Says It's a Warning Sign
Bank of America says investors should favor defensive assets as rising yields, inflation worries and election uncertainty could trigger a stock pullback.
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4 Articles
BofA's Bullishness Gauge Hits Highest Level Since 2021. Its Chief Investment Strategists Says It's a Warning Sign
Bank of America chief investment strategist Michael Hartnett recommended that investors reduce exposure to risk assets or shift allocations toward more defensive investments, longer-duration assets and the U.S. dollar.
Bank of America says the midterm elections could be a major turning point for the stock market
TIMOTHY A. CLARY / AFP via Getty ImagesBofA is eyeing a potential upheaval in stocks following the midterms in November.The bank flagged a scenario where economic worries cause investors to dump stocks and buy bonds.Higher yields are a "canary in the coalmine" for the bull market, the bank said.The bull market could run into its next big hurdle in a few months' time, Bank of America says.Strategists flagged the risk of a "big" reversal in stocks…
Market euphoria has gone too far, banking giant warns it’s time to cut risks
Bank of America is warning that market euphoria has reached levels that could leave investors vulnerable to a pullback, with its proprietary sentiment gauge approaching an extreme reading last seen in 2021. The bank’s Bull & Bear Indicator rose from 9.4 to 9.7, nearing its maximum reading of 10 and marking its highest level since 2021. The increase reflects strong equity momentum, heavy credit inflows and tighter spreads across global markets. B…
Bank of America Warns Bull Market Faces Major Test After November Midterms
Strategists urge investors to turn defensive as election uncertainty, rising Treasury yields and an uneven U.S. economy threaten to expose vulnerabilities in equities The U.S. stock market’s powerful rally could face a major test after November’s midterm elections, with Bank of America strategists warning that a Democratic sweep of Congress could trigger a sharp reversal […] The post Bank of America Warns Bull Market Faces Major Test After Novem…
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