S&P 500 Is a Touch Away From Triggering Sell Signal, BofA Says

HendrixSci/Tech2025-07-056355

(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.

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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.

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Post a message
Castor

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.

2025-07-09 05:24:57 reply
Reese

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.

2025-07-09 05:25:12 reply
Benaiah

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.

2025-07-15 23:19:12 reply
Magnolia

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.

2025-07-15 23:19:27 reply
Maurice

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.

2025-07-18 14:30:55 reply

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