<div id="readability-page-1">Cash levels plunge: BofA reports fund managers cut cash to 3.9%, the lowest since early 2022, historically signaling short-term equity losses. Profit-taking signals: Hartnett flagged early June as a potential period for investors to take profits, with bond yields influencing the scale of any pullback. Technical cracks emerge: Overbought RSI readings and channel breakdowns in QQQ and SPY suggest momentum exhaustion despite recent record highs.</div>

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<p>BofA reports fund managers have reduced cash levels to 3.9%, the lowest since early 2022, indicating potential short-term equity losses. Hartnett suggests early June may be a time for profit-taking, influenced by bond yields. Additionally, overbought RSI readings and channel breakdowns in QQQ and SPY indicate momentum exhaustion despite recent highs.</p>

- Bank of America reports that fund managers have reduced cash levels to 3.9%, the lowest since early 2022, which historically indicates potential short-term equity losses.  
- Hartnett highlights early June as a possible profit-taking period, influenced by bond yields affecting any market pullback.  
- Overbought RSI readings and channel breakdowns in QQQ and SPY indicate momentum exhaustion, despite the recent record highs in the market.

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BofA warns of sell signal as cash levels hit record low