Biggest Stock Sell Signal Since 2013 Sparked by Record Inflows
- Tech, emerging market, TIPS funds all see strong demand
- Tactical pullback in S&P 500 likely in first quarter: BofAML
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Investors added the most money on record to equity funds last week as the earnings season began on a positive note and global stocks continued to post record highs.
The rush to risk assets sparked a note of caution from Bank of America Merrill Lynch strategists, who see a “tactical pullback” in the stock market as likely in the first quarter, at least for the S&P 500. The bank’s “Bull & Bear” indicator has given the highest “sell” signal since March 2013, according to a report Thursday from the bank.