BofA Bull-Bear Indicator Signals Sell at 9.5 on July 8 as Extreme Optimism Peaks

BAC0.68%
According to Bank of America, the lender's Bull-Bear Indicator remained at 9.5 as of July 8, triggering its sell signal for the eighth consecutive week. The indicator, which peaked at extreme optimism levels, has historically preceded declines of 2-3% in the global ACWI index within 2-3 months, with a roughly 60% accuracy rate over the past 24 years; extreme cases showed drops of 15-20%. BofA Chief Investment Strategist Michael Hartnett cited extreme positioning across markets: hedge funds at 81st percentile, global equity flows at 88th, bond flows at 84th, and fund managers at 100th percentile.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments