美國銀行（BofA）牛熊指標從 5.5 上升至 5.9，為自 2022 年 2 月以來最大漲幅。最近美國銀行（BofA）牛熊指標的激增引起了投資者的興趣。該指標從 5.5 上升至 5.9，這是自 2022 年 2 月以來最大的增長，該指標衡量了該銀行在各種資產類別上的定位，歷史上一直被視為市場走勢的反轉信號。
指標下降至 2 以下被視為反轉買入信號，表明投資者情緒過度悲觀，可能為近期反彈奠定了基礎。最近指標下降至 1.9 主要是由新興市場債務基金、高收益債券和全球股票基金的資金流出所致，同時現金配置增加。
歷史上，在此類情況發生後，美國股市在隨後三個月內的中位收益率為 5.4%，全球股市則上漲了 7.6%。值得注意的是，標普 500 指數目前仍高於關鍵的技術支撐水平 4200 點，而 10 年期國債收益率在未來三到四周內仍將保持在 5% 的預期上限以下。
儘管該銀行的策略師邁克爾·哈特內特一直保持悲觀立場，但最近的發展可能預示着市場情緒的轉變。儘管總體上看多，標普 500 指數距離創紀錄收盤僅相差 1%，道瓊斯工業平均指數本月已經突破了歷史記錄。
總之，美國銀行（BofA）牛熊指標上升至 5.9，被視為反轉買入信號，可能預示着美國和全球股市的近期反彈。然而，保持警惕並密切監控市場情況至關重要，因為投資者情緒和宏觀經濟因素仍可能影響市場走勢。
參考資料：
[1] Help.wallstjesus.com. (n.d.). 如何閲讀美國銀行牛熊指標。取自 https://help.wallstjesus.com/en/articles/5125409-how-to-read-the-bofa-bull-bear-indicator
[2] Advisorperspectives.com. (2023, October 21). 美國銀行看到近期股市反彈信號，反轉買入。取自 https://www.advisorperspectives.com/articles/2023/10/21/bofa-sees-near-term-stock-rally-signal-flashes-contrarian-buy
[3] Morningstar.com. (2023, December 19). 基金經理自 2022 年 1 月以來對股市最樂觀。取自 https://www.morningstar.com/news/marketwatch/20231219131/fund-managers-most-upbeat-on-stock-market-since-january-2022-as-sp-500-nears-record
<img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-18f7409b08938001.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-18f7409b08938001.png"/>

美國銀行

美國銀行的牛熊指標從 5.5 上升至 5.9，這是自 2022 年 2 月以來最大的增幅。這一增長引發了投資者的興趣，因為該指標在歷史上被視為市場走勢的反轉信號。指標跌破 2 被視為反轉買入信號，可能預示着美國和全球股市短期內的反彈。然而，市場條件和宏觀經濟因素仍應密切關注

BofA bull and bear indicator rises to 5.9 from 5.5, the largest jump since February 2022.
The recent surge in the Bank of America (BofA) bull-bear indicator, which rose from 5.5 to 5.9, the largest increase since February 2022 [1], has piqued the interest of investors. This indicator, which measures the bank's positioning across various asset classes, has historically served as a contrarian signal for market movements [2].
<div class="lb-trans">美國銀行（BofA）牛熊指標從 5.5 上升至 5.9，為自 2022 年 2 月以來最大漲幅。最近美國銀行（BofA）牛熊指標的激增引起了投資者的興趣。該指標從 5.5 上升至 5.9，這是自 2022 年 2 月以來最大的增長，該指標衡量了該銀行在各種資產類別上的定位，歷史上一直被視為市場走勢的反轉信號。
</div>A drop below 2 is considered a contrarian buy signal, indicating that investor sentiment is overly bearish, potentially setting the stage for a near-term rally [2]. The recent decline in the indicator to 1.9 was driven primarily by outflows from emerging market debt funds, high-yield bonds, and global equities, coupled with an increase in allocations to cash [2].
<div class="lb-trans">指標下降至 2 以下被視為反轉買入信號，表明投資者情緒過度悲觀，可能為近期反彈奠定了基礎。最近指標下降至 1.9 主要是由新興市場債務基金、高收益債券和全球股票基金的資金流出所致，同時現金配置增加。
</div>Historically, following such occurrences, US stocks have experienced median gains of 5.4%, and global equities have seen advances of 7.6% over the subsequent three months [2]. It is essential to note that the S&amp;P 500 currently holds above the key technical support level of 4,200 points, and the yield on the 10-year Treasury remains below the anticipated ceiling of 5% for the next three-to-four weeks [2].
<div class="lb-trans">歷史上，在此類情況發生後，美國股市在隨後三個月內的中位收益率為 5.4%，全球股市則上漲了 7.6%。值得注意的是，標普 500 指數目前仍高於關鍵的技術支撐水平 4200 點，而 10 年期國債收益率在未來三到四周內仍將保持在 5% 的預期上限以下。
</div>Although the bank's strategist, Michael Hartnett, has maintained a bearish stance throughout the year, recent developments could potentially signal a shift in the market's sentiment [2]. Despite the overall bearishness, the S&amp;P 500 remains just 1% away from its record close, and the Dow Jones Industrial Average has already pushed into record territory this month [3].
<div class="lb-trans">儘管該銀行的策略師邁克爾·哈特內特一直保持悲觀立場，但最近的發展可能預示着市場情緒的轉變。儘管總體上看多，標普 500 指數距離創紀錄收盤僅相差 1%，道瓊斯工業平均指數本月已經突破了歷史記錄。
</div>In conclusion, the recent rise in the BofA bull-bear indicator to 5.9, which is considered a contrarian buy signal, could potentially indicate a near-term rally for US and global equities. However, it is essential to remain vigilant and closely monitor market conditions, as investor sentiment and macroeconomic factors could still influence market movements.
<div class="lb-trans">總之，美國銀行（BofA）牛熊指標上升至 5.9，被視為反轉買入信號，可能預示着美國和全球股市的近期反彈。然而，保持警惕並密切監控市場情況至關重要，因為投資者情緒和宏觀經濟因素仍可能影響市場走勢。
</div>References:
[1] Help.wallstjesus.com. (n.d.). How to Read the BofA Bull &amp; Bear Indicator. Retrieved from https://help.wallstjesus.com/en/articles/5125409-how-to-read-the-bofa-bull-bear-indicator
[2] Advisorperspectives.com. (2023, October 21). BofA Sees Near-Term Stock Rally Signal Flashes Contrarian Buy. Retrieved from https://www.advisorperspectives.com/articles/2023/10/21/bofa-sees-near-term-stock-rally-signal-flashes-contrarian-buy
[3] Morningstar.com. (2023, December 19). Fund Managers Most Upbeat on Stock Market Since January 2022. Retrieved from https://www.morningstar.com/news/marketwatch/20231219131/fund-managers-most-upbeat-on-stock-market-since-january-2022-as-sp-500-nears-record
<div class="lb-trans">參考資料：
[1] Help.wallstjesus.com. (n.d.). 如何閲讀美國銀行牛熊指標。取自 https://help.wallstjesus.com/en/articles/5125409-how-to-read-the-bofa-bull-bear-indicator
[2] Advisorperspectives.com. (2023, October 21). 美國銀行看到近期股市反彈信號，反轉買入。取自 https://www.advisorperspectives.com/articles/2023/10/21/bofa-sees-near-term-stock-rally-signal-flashes-contrarian-buy
[3] Morningstar.com. (2023, December 19). 基金經理自 2022 年 1 月以來對股市最樂觀。取自 https://www.morningstar.com/news/marketwatch/20231219131/fund-managers-most-upbeat-on-stock-market-since-january-2022-as-sp-500-nears-record
</div><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-18f7409b08938001.png" alt="" original-src="https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-18f7409b08938001.png"/>

美國銀行的牛熊指標從 5.5 上升至 5.9，這是自 2022 年 2 月以來的最大漲幅