A reliable stock market indicator is flashing its first warning sign since 1999
BofA says a warning for stocks is coming from the bond market.
REUTERS/Carlo Allegri
- The bond market is flashing a warning sign for stocks for the first time since 1999, according to BofA.
- The bank highlighted widening credit spreads in CCC-rated bonds.
- BofA recommends investors improve their bond credit quality and favor value stocks over mega-cap tech.
A reliable indicator in the bond market is sending a warning signal to stocks for the first time since 1999, according to Bank of America.
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