🔴BofA Bull & Bear indicator is screaming SELL again:

This metric rose to 8.0 this week, up +0.4 points, triggering a sell signal for equities for the first time since February 2026.

The indicator has surged +1.7 points over the last 4 weeks, driven by tech and emerging market debt inflows, a record monthly increase in fund manager equity allocations, and a drop in cash levels to 3.9%.

5 of the indicator's 6 components are now bullish or very bullish, with none being bearish.

Historically, there have been 17 sell signals since 2002, with global stocks averaging a loss of -2% to -3% over the following 2 to 3 months, and maximum drawdowns of -15% to -20%.

Investor euphoria is now almost everywhere.

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