US equities IYCMI: Bank of America "bull & bear" indicator more bearish than bullish @ 3.2

<p>The Bank of America "bull &amp; bear" indicator measures market sentiment and is based on a series of technical market measures utilized by analysts at the bank. It remained unchanged last week at a more bearish than bullish at 3.2. A measure of 10 is extremely bullish and 0 is the opposite.</p><p>BoA's Global Research report says total cash assets under management hit a "monster" US$7.8 trillion.</p><ul><li>global investors also bought US$13 billion of equity funds and US$9.8 billion of bonds</li></ul><p>(numbers to the week ended last Wednesday, report out of Friday)</p><p>Adds the report:</p><ul><li>"Financial conditions tightening again in early-Q3, keeps the 'higher-for-longer/hard landing' view entrenched"</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.