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BofA Warns Investors Should Take Profits Now in US Equities
- NewsCatenaa 4mo agoBank 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.
- tim-tday 4mo agoTo be clear they are saying “this is the top, sell stocks now”
- lencastre 4mo agowaiting for Cassandra