US equities IYCMI: Bank of America “bull & bear” indicator more bearish than bullish @ 3.2 | Forexlive

The Bank of America “bull & bear” indicator measures market sentiment and is based on a series of technical market measures utilized by analysts at the bank. It remained unchanged last week at a more bearish than bullish at 3.2. A measure of 10 is extremely bullish and 0 is the opposite.

BoA’s Global Research report says total cash assets under management hit a “monster” US$7.8 trillion.

• global investors also bought US$13 billion of equity funds and US$9.8 billion of bonds

(numbers to the week ended last Wednesday, report out of Friday)

Adds the report:

• “Financial conditions tightening again in early-Q3, keeps the ‘higher-for-longer/hard landing’ view entrenched”