Bank of America: Bull market is not over yet! Four bullish signals suggest US stocks will hit new highs again

Technical analysts at Bank of America believe that the current bull market is not over yet, as four bullish signals indicate that the US stock market will hit new highs again. Firstly, the narrowing spread of junk bonds indicates that investors are not worried about the overall stock market; secondly, the tightening spread of corporate bonds also shows that the stock market is in a "risk-on" environment. In addition, the record-breaking $6 trillion money market fund has also become a bullish signal that may drive the stock market to continue rising. Finally, the Federal Reserve's financial conditions index has also confirmed the upward trend of the stock market. These factors, along with the favorable seasonal factors at the end of an election year, may help drive the stock market to new highs later this year