Bank of America Warns of Extreme Bullish Sentiment on July 12

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According to Business Insider on July 12, Bank of America's chief investment strategist Michael Hartnett warned that investor sentiment has reached the most extreme bullish level in 5 years, signaling the need to reduce risk asset exposure. BofA's Bull & Bear indicator, which synthesizes hedge fund positioning, equity and bond fund flows, institutional positions, and credit market technicals, has issued the strongest warning signal since 2021.
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