Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bank of America: The Overbought U.S. Stock Market May Remain Overbought

Bank of America: The Overbought U.S. Stock Market May Remain Overbought

View original
金色财经金色财经2025/07/06 05:02

According to a report by Jinse Finance, in terms of capital flows, U.S. equity funds have seen their largest weekly net inflow in eight months. Data provided to Yicai by the London Stock Exchange Group (LSEG) shows that U.S. stock funds recorded a net inflow of $31.6 billion over the past week. Despite the so-called "reciprocal tariffs" 90-day deadline approaching and relatively limited progress in trade negotiations, U.S. stocks have reached record highs, driven by optimism around artificial intelligence and expectations of a more accommodative Federal Reserve. Amid this heated market environment, Bank of America is seeking to cool investor enthusiasm. The bank’s star strategist, Michael Hartnett, stated that if the S&P 500 surpasses 6,300 points in July, it could trigger a "sell signal." "An already overbought market can remain overbought, as greed is harder to conquer than fear," Hartnett wrote in his report. He described the market outlook as "bubble or bust," and believes that with the House passing the $3.4 trillion "Big and Beautiful" bill, the risk of a bubble in U.S. stocks will rise this summer.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!