The Zhitong Finance App learned that Bank of America strategists warned that investors' bullish sentiment has reached an extreme level, and now is the time to start reducing exposure to risky assets. A team of Bank of America strategists led by Michael Hartnett said in a report that the bank's “long and short sentiment indicator” has risen to the highest level since 2021, from 9.4 to 9.7. The strategist pointed out that the widening range of gains in the stock market, the massive inflow of high-yield bond capital, and the narrowing of credit spreads are the main reasons that are fueling investors' optimism.

The Zhitong Finance App learned that Bank of America strategists warned that investors' bullish sentiment has reached an extreme level, and now is the time to start reducing exposure to risky assets. A team of Bank of America strategists led by Michael Hartnett said in a report that the bank's “long and short sentiment indicator” has risen to the highest level since 2021, from 9.4 to 9.7. The strategist pointed out that the widening range of gains in the stock market, the massive inflow of high-yield bond capital, and the narrowing of credit spreads are the main reasons that are fueling investors' optimism.