BofA WARNS BULLISH SENTIMENT HAS GONE TOO FAR Bank of America says investor optimism has reached its most extreme level since 2021, signali…
BofA WARNS BULLISH SENTIMENT HAS GONE TOO FAR
Bank of America says investor optimism has reached its most extreme level since 2021, signaling it may be time to cut risk.
Its Bull & Bear indicator jumped to 9.7, driven by strong stock markets, credit inflows and tighter spreads.
BofA recommends rotating toward defensive assets, bonds and the US dollar.
The warning comes as global equities hit record highs, with Friday’s US jobs report the next major test for markets.
