Reported about 13 hours ago
Bank of America's strategist Michael Hartnett cautions that global stocks are nearing a technical 'sell' signal following a remarkable 20% surge in two months. He notes that increased market activity, with recent inflows to stocks and high-yield bonds, suggests investor positioning may be stretched. Should stock inflows exceed 1% of overall assets, it could prompt selling, especially as the market approaches overbought levels, with 84% of country indexes currently exceeding their moving averages.
Source: YAHOO