Global Stocks Optimism Flashes Sell Signal, BofA Survey Shows
- Equities fall 2.5% on average in month following signal: BofA
- Strong US economy, China stimulus, rate cuts boost sentiment
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Investors are getting so bullish that it might be time to sell global stocks, according to an investor survey by Bank of America Corp.
Allocations to stocks surged, while bond exposure sank and cash levels in global portfolios fell to 3.9% in October from 4.2% last month, triggering a “sell signal” on global equities, strategists led by Michael Hartnett wrote on Tuesday.