BofA's Hartnett Warns Stock Rally Nearing Sell Signal
TL;DR
Bank of America strategist Michael Hartnett warns that the current global equity market rally is nearing a sell signal, with 71% of equity indexes trading above their 50- and 200-day moving averages. A reading above 88% would trigger a contrarian sell signal, indicating potential overheating.
Topics:businessfinance#bank-of-america#equity-rally#finance#michael-hartnett#sell-signal#stock-market
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