#Economy & #Stocks Review - BofA Says Take Profits

E&S Review

Much of today's economic data, including officially collected and produced time series, is highly unreliable. Statisticians use well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonic adjustments to modify economic outcomes dating back to the 1980s. Politicians and central bankers often leverage these techniques for political gain.

Data manipulated by these statistical methods are frequently revised without clear notification to the public, especially when administrations or public policies change.

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BofA Says Take Profits

Investors should exercise caution regarding US stocks as an increasing number of "bear market signposts" point to an approaching top, according to Bank of America Securities.

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The Timing A Correction Model posts a 60% bearish percentage. While the bearish percentage was above 50% for all of May and into June, it is a concern but not cause for immediate action. Where is capital supposed to go? The bond market, 😂? We'll update the Economy & Stocks with a more serious decision when the percentage reaches 80%. 

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