Bank of America CorpBAC
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BofA's own indicator flashes sell signal, potentially impacting its market sentiment and trading volumes.
Impact on stocks 1
Financials
Bank of America CorpBank of America's Bull & Bear Indicator has risen to 9.5, flashing a fresh sell signal for the S&P 500. The gauge climbed from 9.3 and now sits firmly in its Extreme Bullish zone, with readings above 8.0 triggering a sell signal. The move was driven by strong stock-market breadth and increasingly bullish positioning across S&P 500 and gold futures, with fund-manager positioning at the 99th percentile, equity flows at the 93rd percentile, and hedge-fund positioning at the 83rd percentile. BofA's previous sell signal was triggered on May 26, and since then the S&P 500 has still gained 1.6% while the MSCI ACWI has advanced 1.3%. The indicator is designed to be contrarian, suggesting crowded trades could unwind if economic data, earnings, or policy expectations disappoint.
Bank of America CorpBofA's own indicator flashes sell signal, potentially impacting its market sentiment and trading volumes.