Wall Street is All-in on Stocks: BofA Says That’s a Sell Signal
BofA’s August survey shows bullishness, record-low cash and crowded tech trades. But its contrarian signals suggest investors should retreat.
Bank of America found that almost everyone is excited about stocks right now and holding very little cash—which is like everyone betting on the same horse. When crowds get this excited, it can be a hint to watch carefully, because markets sometimes surprise people when everyone expects the same thing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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