POPA ReconBofA: Your hope circuit has gone too far...
BofA: Your hope circuit has gone too far... Bank of America warned that investor optimism has reached its most extreme level since 2021, and that it is time to reduce risks. The Bull & Bear indicator soared to 9.7, due to the strong stock market, credit inflow, and narrowing spreads. The BoA recommends a rotation into defensive assets, bonds and the US dollar. The warning comes as global stocks hit record highs, with Friday's US jobs report the next point to watch. First of all, employment indicators seemed to have a positive effect before the market, but once the market opened, they fel…
The excerpt is quoted from a public Telegram channel, which owns its text.