(Bloomberg) -- The S&P 500’s rally to record highs has brought it within striking distance of a sell signal, according to Bank of America Corp.’s Michael Hartnett.
Most Read from Bloomberg
-
Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals
-
Massachusetts to Follow NYC in Making Landlords Pay Broker Fees
-
NYC Commutes Resume After Midtown Bus Terminal Crash Chaos
-
Struggling Downtowns Are Looking to Lure New Crowds
-
What Gothenburg Got Out of Congestion Pricing
Invest in Gold
American Hartford Gold: #1 Precious Metals Dealer in the Nation
Learn More
Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase
Learn More
Thor Metals Group: Best Overall Gold IRA
Learn More Powered by Money.com - Yahoo may earn commission from the links above.The strategist recommended investors start offloading shares once the benchmark rises above 6,300 points — just 0.3% above its Thursday close. He also reiterated that bubble risks were rising into the summer, with the House passing a $3.4 trillion fiscal package that cuts taxes.
“Overbought markets can stay overbought as greed is harder to conquer than fear,” Hartnett wrote in a note.
US stocks have soared back to all-time highs on signs that the US economy is staying resilient as President Donald Trump softened his approach on tariffs. That’s ignited some speculative fever in the market, with technology heavyweights back in vogue and the buzz around artificial intelligence returning.
Still, trade concerns remain center stage with Trump saying his administration would start sending out letters to trading partners on Friday setting unilateral tariff rates.
US stock futures fell Friday morning. Cash trading is closed for the Independence Day holiday.
--With assistance from Michael Msika.
Most Read from Bloomberg Businessweek
-
SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too
-
America’s Top Consumer-Sentiment Economist Is Worried
-
For Brazil’s Criminals, Coffee Beans Are the Target
-
How to Steal a House
-
Sperm Freezing Is a New Hot Market for Startups
©2025 Bloomberg L.P.
With the S&P 50O poised at a critical juncture that could trigger an imminent sell signal, Bank of America's analysis underscores investors’ need to prepare for potential market turmoil.
With BofA indicating that the S&P 500 is perilously close to triggering a sell signal, investors should brace for potential market volatility and reevaluate their holdings accordingly.
The S&P 50�'s imminent proximity to a sell signal as pointed out by BofA underscores the critical juncture for investors, requiring meticulous analysis and informed decision-making amidst market volatility.
BofA's assertion that the S&P 500 is within reach of a sell signal underscores yet another cautionary marker in stock market analysis, suggesting investors monitor closely for potential downward trends.
BofA's claim that the S&P 500 is on the brink of issuing a sell signal suggests market volatility could rise amidst growing signs for cautious investment strategies.
