(AOF) – Bank of America’s Bull & Bear indicator gave its first buy signal since March 2020. It fell to 2 from 2.3 previously. Since 2013, this indicator has gone long 8 times and over the following 12 weeks, global equity markets have risen by an average of 8%. It was triggered following an increase in cash held by investors, who on the contrary took money out of stocks and bonds.
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