A contrarian sell signal recently flashed in the stock market, according to Bank of America.
AdvertisementA sell signal in the stock market just flashed for the first time since February 2021, according to a note from Bank of America.
The sell signal has typically preceded weak returns in the short term.
The sell signal from Bank of America flashes at a time when stocks are trading near record highs.
As to potential risks in the market, investors are most worried about geopolitical conflicts, which rose to 33% from 19% last month.
Persons:
BofA, —, Michael Hartnett, Jun, Hartnett
Organizations:
Bank of America, Service
Locations:
China