BoA: global equity 'risk-love' metric hits euphoria levels
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Bank of America's Global Equity Risk-Love indicator has surged to the 95th percentile, signaling "Euphoria" in market sentiment. While this suggests a potential period of consolidation or mild correction, BofA maintains that the underlying market mechanics remain strong, with supportive earnings momentum and accommodative policy settings. Despite low cash levels among investors, which historically precede stock declines, BofA believes stocks can continue to rise, as other sentiment indicators show less extreme bullishness. S&P 500 futures are up 0.2% today.
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