Froth Is Back in the Stock Market. BofA Calls It a Sell Signal

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AI stocks are roaring. Bitcoin is above $65,000. Even Trump Media is surging anew. All the signs of market froth are coming back, according toBank of America’s latest fund manager survey. Investor optimism registered the biggest jump since the depths of the pandemic in June 2020, the October responses showed. Allocations to stocks surged, bond exposure sank and cash levels fell to 3.9% from 4.2% in September. The bullish fever is being fanned by signs that the US economy is powering ahead as the

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