There are no signs of a bubble! Bank of America remains bullish on the US stock market: this bull market has support.

Bank of America has released a report stating that there is little evidence to support concerns about the stock market nearing bubble territory. With strong corporate profits and the resilience of the U.S. economy, it is expected that there is still more room for the U.S. stock market to rise. Wall Street strategists have raised the year-end target for the Pro UltrPro Shrt S&Pro 500 to 5400 points, believing that this bull market cycle is well supported. Investor sentiment remains in the neutral zone, far from reaching the bullish levels seen at market peaks. More and more Wall Street strategists are downplaying concerns about bubbles. Strategists at J.P. Morgan have indicated that stock market frenzy is limited to certain themes. The current bull market is coming to an end amidst widespread optimism.