BofA Bull & Bear Indicator Hits 8.8, Stays in Sell Zone
Bank of America's Bull & Bear indicator rose to 8.8, remaining deep in "sell" territory for global equities, signaling extreme investor euphoria.
The Bank of America Bull & Bear Indicator climbed to 8.8, maintaining its position deep in "sell" territory for global equities. This level reflects extreme investor euphoria, according to the indicator's methodology.
A reading above 8 typically triggers a contrarian sell signal, suggesting that markets may be overheated and due for a pullback. The indicator has remained in the sell zone as risk appetite continues to stretch toward elevated levels.
Source: First Squawk