Bank of America Warns Aggressive Stock Buyers to Cut Positions as Bull-Bear Indicator Hits 9.4

BAC2.14%
According to Bank of America's latest fund manager survey reported by Jin10, the bank's strategists warned aggressive global investors to reduce equity exposure. Cash holdings have fallen to an "extremely low" 3.6% of assets from 4.1% last month, while U.S. stock positioning reached its highest level since December 2024 with a 24% net overweight. Michael Hartnett's team noted the bank's Bull-Bear Indicator stands at 9.4 out of 10, signaling extreme bullish sentiment. The strategists stated this positioning leaves limited upside for risk assets in the coming weeks and recommended reducing exposure to equities and high-beta assets.
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