---
title: "Bank of America: Credit Tightening May Trigger Forced Selling, Stock Market Faces Bear Market Signals"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/261930780.md"
description: "Bank of America strategists indicate that further pressure on the credit market could trigger a new round of broad sell-offs in the stock market, as long-term investors, including pension funds, may be forced to sell assets. Savita Subramanian of Bank of America Securities stated, \"If volatility in the private credit market persists, institutions like pension funds may be compelled to sell index funds to avoid valuation adjustments in private assets.\" She noted that passive investing \"dominates the S&P 500 index,\" thus a market decline would force index funds to sell further. Matt Maley, Chief Market Strategist at Miller Tabak+, also pointed out that the bank sector ETF could exacerbate selling pressure. \"Given that bank ETFs have already weakened significantly, even a slight further decline could confirm a major shift in the trend of bank stocks.\" Bank of America also noted that the S&P 500 index appears \"statistically expensive\" across 20 different valuation metrics, indicating that this three-year bull market faces increasingly high valuation risks, while the probability of a market downturn is rising"
datetime: "2025-10-20T18:42:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261930780.md)
  - [en](https://longbridge.com/en/news/261930780.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261930780.md)
---

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# Bank of America: Credit Tightening May Trigger Forced Selling, Stock Market Faces Bear Market Signals

On October 21, Jin Shi Data reported that Bank of America strategists indicated that further pressure on the credit market could trigger a new round of broad sell-offs in the stock market, as long-term investors, including pension funds, would be forced to sell assets. Savita Subramanian of Bank of America Securities stated, "If volatility in the private credit market continues, institutions like pension funds may be forced to sell index funds to avoid valuation adjustments in private assets." She noted that passive investing "dominates the S&P 500 index," and thus a market decline would compel index funds to sell further. Matt Maley, Chief Market Strategist at Miller Tabak+, also pointed out that the bank sector ETF could exacerbate selling pressure. "Given that bank ETFs have already weakened significantly, even a slight further decline could confirm a major shift in the trend of bank stocks." Bank of America also noted that the S&P 500 index appears "statistically expensive" across 20 different valuation metrics, indicating that this three-year bull market faces increasingly high valuation risks, while the probability of a market downturn is rising

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