Bank of America is saying that several “bear market signposts” are signaling that investors should take profits now before a pullback.
Seven of the bank’s 10 bear market indicators have been triggered in recent months, Strategists led by Savita Subramanian wrote in a recent client note. Five were triggered by April, and two more of those indicators flashed red in May.
The bank’s “signposts” cover a wide range of market data, including consumer confidence, stock performance expectations, credit stress levels, and credit tightening conditions.
Bank of America is saying that several “bear market signposts” are signaling that investors should take profits now before a pullback.
Seven of the bank’s 10 bear market indicators have been triggered in recent months, Strategists led by Savita Subramanian wrote in a recent client note. Five were triggered by April, and two more of those indicators flashed red in May.
The bank’s “signposts” cover a wide range of market data, including consumer confidence, stock performance expectations, credit stress levels, and credit tightening conditions.
To be clear they are saying “this is the top, sell stocks now”
waiting for Cassandra