FMP
Jun 12, 2024 6:23 AM - Parth Sanghvi
Image credit: Yorgos Ntrahas
Buckle up, stock market investors! Bank of America (BofA) analysts are waving a caution flag, highlighting potential trouble for US equities in the near future. Here's a breakdown of their concerns:
BofA's Bearish Signs:
What to Watch Out For:
BofA's Advice:
While BofA doesn't predict a full-blown crash, they advise investors to be cautious and consider adjusting their portfolios for potential market volatility in June.
The Bottom Line:
BofA's analysis throws some cold water on the recent market euphoria. Investors should be aware of these potential risks and closely monitor market indicators, particularly new 52-week highs and the S&P 500's movement in relation to support levels.
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