Bank of America: Already overbought U.S. stock market may continue to be overbought

In terms of capital flows, US equity funds saw their largest weekly net inflows in eight months. According to data provided to China Business News by the London Stock Exchange (LSEG), the net inflow of US equity funds in the past week was 31.60 billion US dollars. Despite the approaching 90-day deadline for so-called "reciprocal tariffs" and relatively limited progress in trade talks, US stocks hit record highs on the back of artificial intelligence optimism and the prospect of easing by the Federal Reserve. In a hot market environment, BofA wants to cool investors. Michael Hartnett, the bank's star strategist, said that if the S & P 500 index breaks through 6,300 points in July, it may trigger a "sell signal". " Already overbought markets are likely to remain overbought, because greed is harder to conquer than fear, "Hartnett wrote in the report, describing the outlook as" bubble or bust "and suggesting that the risk of a bubble in US stocks will rise over the summer as the House passes the $3.40 trillion Big America bill.