Bank of America warns of a series of bear market signals in US stocks

CoinFeed reported on June 9th that, according to Jinshi, Bank of America Securities stated that investors should remain cautious about US stocks, as increasing bearish signals indicate the market is nearing its peak. A team of strategists led by Savita Subramanian wrote in a report dated June 5th that approximately 70% of bearish signals have already been triggered, consistent with the average level during historical market tops. The S&P 500 index shows "statistical overvaluation" in 17 out of 20 valuation metrics, with eight of these metrics even exceeding levels seen during the tech bubble. Furthermore, high P/E ratio stocks are significantly outperforming undervalued stocks, which strategists consider a "sign of excessive speculation." Within the technology sector, the gap between the best and worst performing quintiles has widened to its highest level since February 2000.