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Bear market indicators are beginning to subside, but Bank of America is advising investors not to treat that shift as a turning point.
The bank's guidance calls for continued caution rather than any move toward premature optimism, according to Bank of America. The advisory draws a firm line between improving conditions and a confirmed recovery.
Bank of America's view is that the early easing of bear market signals is not grounds for repositioning, or for assuming the worst has passed. That distinction carries the weight of the bank's message.
Investors who act on early signals risk getting ahead of conditions that have not yet provided real confirmation. Bank of America's counsel is to maintain a patient posture as the picture develops.
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