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no_data1Bitget UEX Daily | US Government Considers AI Equity Investment; Trump Warns Against Fed Rate Hike; Semiconductor Sector Plunges(June 08, 2026)2Bitcoin Holds Its Most Watched Support as Nasdaq Posts Worst Day Since April 20253U.S. stocks plunge as strong jobs data fuels Fed rate hike bets among traders
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Bank of America: U.S. stock market bears frequent signals, market is nearing the topChainCatcher news, according to a report by Golden Ten Data, BofA Securities stated that investors should remain cautious about US stocks, as an increasing number of bear market signals indicate the market is nearing a peak. The strategist team led by Savita Subramanian pointed out in a June 5 report that about 70% of bear market signals have been triggered, and 17 out of 20 S&P 500 valuation metrics show “statistically significant overvaluation.” In addition, the strategists believe that the performance of high P/E ratio stocks has been excessively strong, indicating “signs of excessive speculation.”
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The Federal Reserve's reverse repurchase operation accepts $1.832 billionThe Federal Reserve accepted USD 183.2 million from 16 counterparties in the fixed-rate reverse repurchase operation.
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Bank of America warns: Surge in warning signals, it's time to "take profits"Strategists pointed out that given the presence of “too many warning signals” (including consumer confidence data and credit stress indicators), investors are advised to “take profits.” The S&P 500 Index is currently “statistically overvalued.” Individual stocks may still have room for excess returns, but the overall market-cap-weighted index may struggle to perform. Bank of America has set a year-end target of 7,100 points for the S&P 500 Index.
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