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9 Articles
S&P 500 Nears Sell Signal, Warns BofA - Wall Street Pit
The S&P 500 (SPX) is nearing a sell signal at 6,300 points, a 0.3% increase from its Thursday close of 6,281, as warned by Bank of America’s Michael Hartnett, citing rising bubble risks. A $3.4 trillion fiscal package and a softened stance on tariffs by President Trump have fueled market…
WALL STREET.— The S&P 500 rebound toward historic peaks has left it a step away from a sales signal, according to Bank of America’s strategist Michael Hartnett. Hartnett recommended that investors begin to dispose of shares if the index exceeds 6,300 points, just 0.3% above Thursday’s closing. He also reiterated that bubble risks continue to rise for the summer, especially after the approval in Congress of a $3.4 trillion fiscal package driven b…
S&P 500 Is A Touch Away From Triggering Sell Signal, BofA Says
The S&P 500’s rally to record highs has brought it within striking distance of a sell signal, according to Bank of America Corp.’s Michael Hartnett.The strategist recommended investors start offloading shares once the benchmark rises above 6,300 points — just 0.3% above its Thursday close. He also reiterated that bubble risks were rising into the summer, with the House passing a $3.4 trillion fiscal package that cuts taxes.“Overbought markets ca…
The stock market is on the brink of a critical decision: According to the Bank of America, the S&P 500 is scratching on an important sales signal. With only a few points apart from a new record high, strategist Michael Hartnett warns that greed could gain the upper hand – and investors would do well to take profits soon. As prices continue to rise, [...] The post S&P 500 is ahead of sales signal – stock market expert suggests alarm appeared firs…
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