[Bank of America Indicator Shows Market Bullish Sentiment at Its Highest Level Since December 2020] BlockBeats News, July 23, the Bank of America Bull & Bear Indicator has risen to 9.6 points, marking its highest level since December 2020. This indicator is currently at the third-highest level in 24 years, indicating extremely optimistic market sentiment. The indicator measures stock and bond fund inflows, hedge fund and fund manager equity holdings, credit market conditions, and market breadth. Analysts pointed out that the recent rise in the indicator is primarily driven by fund managers' cash allocation, which decreased by 0.5 percentage points month-on-month to 3.6%, nearing its lowest level in 13 years. [Original Link]