Tradingideasandinvestmentstrategiesdiscussedhereinmaygiverisetosignificantriskandarenotsuitableforallinvestors.Investorsshouldhaveexperienceinrelevantmarketsandthefinancialresourcestoabsorbanylossesarisingfromapplyingtheseideasorstrategies.BofASecuritiesdoesandseekstodobusinesswithissuerscoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.Refertoimportantdisclosuresonpage11to13.12705136FAQsHowdobullmarketsend?Sometimeswithabang,sometimeswithawhimperTheS&P500continuestobreachpriorhighs,andtheVIXgrindslowerandcreditspreadstighten,recallingthecalmbeforethestorm.Narrowingleadership,elevatedvaluations,andrestrictivemonetarypolicyhaveinvestorsworried.Wehaveseenasurgeinrequestsoverrecentweeksforbullmarketsignposts,thetriggersthattypicallyprecedeanS&P500peak.Werevisitourdatalibraryandpresentsomeofthemorerobustsignals.Thegoodnews?Today40%havebeentriggeredversusanaverageof70%aheadofpriorbullmarketpeaks.Q:Whatshouldwebewatching?A:Wehighlight10indicatorsthathavetypicallyprecededmarketpeaksandhavehadfewerfalsepositivesduringbullmarkets.Theyspanloftysentiment(highsellsidestrategistequityallocations,highconsensusanalystgrowthforecasts);latecyclehubris(elev...
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