Bank of America and EPFR Global warned in a new report that the recent market boom could be a pre-storm breeze. This is because Bitcoin breached the $ 50,000 level for the first time last week, and the Dow Jones index reached the 30,000 mark.
and according to Arabiyanet, the bank revealed in data about $ 58 billion in equity flows between February 3 and 10, according to Bloomberg, indicating levels of steep rise. .
and the report stated that market sentiment could trigger a sell signal not launched since January 2018.
The strategy at the Wilmington Trust, Megan Shaw, said in an article on CNBC that the report reveals a disturbing trend, explaining that what we have seen from Bank of America data is Record inflows into large US companies, in the technology sector, as less attention is paid to sectors that we believe offer better potential for future returns.
and warned in a note that the funds may vanish and appear more speculative than they have been in years, according to what Al-Arabiya.net has seen.
with potential new regulations on the way, which could encourage more individual investors to get into the game, along with accelerated COVID-19 vaccine distribution that could Stimulating the economy further, Shaw said a pullback is possible to correct the current glut in the market.
and advised individual investors to avoid cryptocurrencies, speculative stocks, and stocks of large technology companies, and replaced them with low US companies, which represent a better opportunity over the next two months with very large margins .
