In brief
- BofA’s risk-love indicator hit 1.4, its highest in 13 months, signaling bullish extremes.
- Bitcoin and Ethereum remain flat over the past week despite recent equity gains.
- September seasonality and jobs data are keeping traders cautious.
U.S. stocks are flashing signs of euphoria, contrasting with a muted crypto market as traders look to divine clues on what’s next.
The Bank of America’s Global Equity Risk-Love indicator, which provides a gauge of investor sentiment, suggests that investor positioning, volatility, and technicals in the stock market are becoming dangerously bullish.
“BofA’s Global Equity Risk-Love indicator jumped to 1.4, its highest in 13 months,” The Kobeissi Letter wrote in a tweet on Monday. “This…
