70% of Stock Market Warning Signals Are Now Flashing. On June 16-17, Kevin Warsh Decides Where the Market Heads Next.

Bank of America's pre-peak warning checklist is flashing at 70%, roughly matching the average reading seen at the last seven major stock market tops over the past 35 years. The signal suggests elevated late-cycle risk and supports a more defensive market stance, though it is an indicator rather than an immediate catalyst.

Analysis

Bank of America's pre-peak warning checklist is flashing at 70%, roughly matching the average reading seen at the last seven major stock market tops over the past 35 years. The signal suggests elevated late-cycle risk and supports a more defensive market stance, though it is an indicator rather than an immediate catalyst.