Bank of America warns stock market bulls to consider curbing aggressive buying behavior Odaily Planet Daily News: The latest fund manager survey by Bank of America shows that global investors who aggressively buy stocks should consider reducing their holdings. The strategist of the bank pointed out that asset allocators have become extremely bullish - this is usually a warning signal in the market. Investors' cash holdings have dropped from 4.1% of assets last month to an "extremely low" level of 3.6%. At the same time, US stock holdings are at their highest level since December 2024, with a net overallocation of 24%. The team led by Michael Hartnett wrote in the report: "The Bank of America's' bull bear indicator 'reading is as high as 9.4 (with a range of 1 to 10), which is in an extremely bullish range, indicating that exposure to stocks and high beta assets should be reduced. Due to overly optimistic market positions, further upside potential for risk assets in the summer will be suppressed