Tuesday, November 26, 2024

BoFA is watching for a market top

U.S. tech stocks have soared so high for so long that they're no longer just minting new millionaires... They're minting new billionaires.
 

Dear Reader,

U.S. tech stocks have soared so high for so long that they're no longer just minting new millionaires...

They're minting new billionaires.

The number of American billionaires has skyrocketed over last year – their wealth hitting a record $12.1 trillion – thanks to the Nasdaq's extraordinary outperformance.

But now, after two years of near-vertical gains...

New warnings out of Wall Street suggest that the winds are about to change.

According to Bank of America, there are now early signs of a potentially dangerous bubble forming in today's high-flying market...

Specifically, in the tech-heavy Nasdaq.

As a result, BofA says the bull market may be due for a dramatic "unwinding" – with America's favorite tech stocks leading the fall.

So, what's really happening in the Nasdaq today...

And if you currently own tech stocks, how should you prepare?

Our founder, 50-year Wall Street legend Marc Chaikin, explains everything you need to know, right here.

Including the name and ticker of his #1 tech stock to SELL immediately.

Regards,

Kelly Brown
Senior Researcher, Chaikin Analytics

 

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