The S&P 500 is close to market peak based on how many ‘bear market signposts’ it’s hitting, BofA says: a whopping 60%
Bank of America Research has issued a fresh warning for equity investors: the S&P 500, now hovering near historic highs, is demonstrating elevated risk levels with 60% of the firm’s proprietary “bear market signposts” flashing red—just shy of the point that has historically heralded a market peak. The bank’s S&P 500 Relative Value Cheat Sheet, … Read more