U.S. investor sentiment is deep in the extreme warning zone, with positioning near the highest levels seen before the 2022 bear market. A BofA market peak scorecard has 7 of 10 indicators flashing. Take the BofA macro desk with a grain of salt, they called 3 rate hikes this year. But the positioning data is what it is. Medium-term risk hasn't gone anywhere.
Aggregated and distilled by Two Sentence Traders. Not financial advice.