STOCKS | Bank of America: U.S. Stock Market Bottom Yet to Come

Bank of America has advised investors to hold off on buying U.S. stocks, indicating that the market has not yet reached its lowest point. According to Jin10, the latest survey from Bank of America reveals a bull-bear indicator at 8.5, signaling a sell-off. Additionally, cash levels are at 4.3%, which is far from the buying threshold. Comparing current conditions to four historical market bottoms, the present situation is described as 'far from extremely bearish,' suggesting that the true bottom is still ahead.