---
title: "BofA warns of sell signal as cash levels hit record low"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286942783.md"
description: "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."
datetime: "2026-05-19T16:05:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286942783.md)
  - [en](https://longbridge.com/en/news/286942783.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286942783.md)
---

# BofA warns of sell signal as cash levels hit record low

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.

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