Bank of America's Bull & Bear Indicator Hits Highest Level Since December 2020
BlockBeats News, July 23rd, Bank of America's Bull/Bear Indicator has risen to 9.6 points, the highest level since December 2020. This indicator is currently at the third-highest level in 24 years, indicating that market sentiment is extremely optimistic.
The indicator measures stock and bond fund flows, hedge fund and fund manager stock holdings, credit market conditions, and market breadth.
Analysis indicates that the recent increase in this indicator is mainly driven by fund manager cash allocations, which have decreased by 0.5 percentage points to 3.6% on a month-over-month basis, approaching the lowest level in 13 years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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