Bank of America Strategist Warns 70% of Bear Market Signposts Triggered Today

According to Bank of America strategist Savita Subramanian, 70% of the bank's bear market signposts are currently triggered, suggesting a potential 20% stock market correction, reports Axios. In an investor note released today, Subramanian urged clients to "take profits," citing "too many red flags" in market conditions.

Dispersion in stock valuations has widened significantly, with high-valuation and low-valuation stocks increasingly diverging. Tech stocks show the most pronounced spread, with the gap between best and worst-performing quintiles reaching +120 percentage points, the highest since February 2000.