Feb 19 - Despite the strong performance of American and global equity markets, the investment community keeps a cautious stance, Bank of America analysts said on Wednesday. Since the S&P 500 surpassed its cumulative net up volume zones, technical assessment of market indices has displayed positive trends of facing market advancement. Indicators that are sent and received on sentiment data regarding individual investors show that there is a significant amount of anxiety among them. They also observed that Bullish and Bearish Sentiment have not been this narrow since last autumn's market downturn, indicating ongoing negative market sentiment.
Market dynamics are reliant on the current accumulation of a historically high amount of cash funds. ICI All Money Market Funds managed total net assets of more than $6.92 trillion last week because a vast number of funds in this segment of the industry are now ready to accept investment. Cash has become a desirable investment under higher interest rates, which usually means it is a sign market is going into a bull market. New all-time high advance decay figures were made by adding more stock from 73 international indices. Having much of such technical backing warns analysts about such rally maturity rather than a long-term gain.
