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BofA’s Hartnett Warns Overbought Global Stocks Face Sell Signal

by The Wealth Advisor Contributor
Global equities are flashing an overbought warning, with moving averages already at levels that historically mark a sell signal for risk assets.

Featured

Wealth Inequality and the ‘K-Shaped’ Economy are More Striking Than Ever, Data Shows

The gap between the best and worse off Americans is growing — and economists don’t see an end in sight.

Trump Nominates Kevin Warsh to be Next Fed Chair

Opting for a conventional choice to lead the Federal Reserve, President Trump on Friday nominated former Fed governor Kevin Warsh.

IRS Owes Some Taxpayers Refunds For Pandemic-Era Penalty Tax Relief, Watchdog Audit Finds

The IRS owes some taxpayers refunds after they were mistakenly left out of a pandemic-era IRS relief program, according to a new watchdog audit.

Recent

News

Here’s why Goldman thinks Facebook and Google are under threat

"The valuation overhang from regulatory uncertainty will likely continue to grow and weigh on the sector’s performance.”

News

U.S. market is less overvalued now, but that doesn’t make stocks a ‘buy’

The latest stock market valuation measures contain both good and bad news for the stock market.

News

Green shoots? Bank of America economist rejects argument that global growth has bottomed

We still don’t expect growth to start to pick-up until early next year, with another rate cut from the Fed and further easing in China along the way.

News

SEC doubles down on Cetera fine for alleged fraud

The SEC is seeking to recover an additional $10 million or so in its case against two Cetera Financial Group businesses.

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Companies

JPMorgan, Bank Of America Announce $1,000 Trump Account Match As Corporate America Support For Retirement Scheme Deepens

Companies

Hot Takes: Tesla, Meta, And Microsoft Quarters Are Wildly Different

FundFocus

Software Stocks Enter Bear Market On AI Disruption Fear With ServiceNow Plunging 10%

Economy

The Dollar Could Have Further To Fall As Its Decline Creates A ‘Double-Edged Sword’ For America

The Trust Advisor

Prince Andrew’s Daughters Beatrice And Eugenie ‘Angry’ As $60 Million Inheritance ‘Wiped Out’

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