US Stocks in Danger? Bank of America: A Reliable Warning Signal Sounds for the First Time Since 1999!
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Bank of America issued a warning, stating that the bond market is showing warning signals that are inconsistent with the record-breaking rise in the stock market. In particular, the spread between CCC-rated corporate bonds and B-rated bonds has reached the largest level in 25 years, similar to the situation before the 1999 Internet bubble. In addition, investor uncertainty about artificial intelligence has also led Bank of America to adopt a cautious stance on investing in US stocks. They prefer value stocks over large-cap tech stocks. It is expected that American households will profit from large tech companies in the second half of 2024
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