Huoxing Finance reports that on July 23, Bank of America’s Bull & Bear Indicator rose to 9.6, the highest level since December 2020. This indicator is now at its third-highest level in 24 years, signaling extreme market optimism. The indicator measures flows into stock and bond funds, hedge fund and portfolio manager equity exposure, credit market conditions, and market breadth. Analysis indicates that the recent rise was primarily driven by a decline in portfolio managers’ cash allocations, which fell by 0.5 percentage points month-over-month to 3.6%, nearing the lowest level in 13 years.
Bank of America's Bull-Bear Indicator Rises to Its Highest Level Since December 2020
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Summary
Bank of America’s bull-bear indicator rose to 9.6 points, reaching a resistance level not seen since December 2020. The metric is now the third-highest in 24 years, reflecting strong market optimism. The rise is driven by fund managers’ cash allocations falling to 3.6%, near a 13-year low. The indicator monitors fund flows, equity positions, credit conditions, and market breadth. Current levels suggest a potential support level for sustained bullish momentum.
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