BofA: The already overbought US stock market may remain overbought.
US stock funds welcomed the largest weekly net inflow in 8 months, reaching $31.6 billion. Despite slow progress in trade negotiations, US stocks hit new highs amid optimistic sentiment around artificial intelligence and expectations of easing from The Federal Reserve (FED). Bank of America strategists warned that the market may face Overbought risks, emphasizing that it could encounter bubbles or the collapse of the rise in the future.