




Not surprised that it would be BofA that would be coming out with nonsense like this. A “meaningful correction due to similarities with the 2015 boom and bust cycle” flies in the face of one of the strongest stimulus measures unleashed by Beijing since the 2008 GFC. Retail sales https://t.co/DP3LzFmFx5
Bank of America on China: "We might be approaching some correction soon" https://t.co/e1oKRWufVZ
BofA Warns of Chinese Stock Correction ‘Soon’ in 2015 Repeat https://t.co/8VICz4AGk7

Bank of America reported that its clients purchased approximately $3.1 billion in U.S. equities last week, marking the seventh consecutive week of net buying. This surge in buying activity comes as the market entered correction territory, with retail investors contributing significantly to the trend. In the first two days of the week, retail purchases of U.S. stocks and ETFs reached around $3.2 billion, the largest two-day total since August. Over the five days ending Tuesday, individual investors bought a total of $8 billion in equities. Despite this bullish sentiment, Bank of America also warned of a potential correction in Chinese stocks, citing similarities to past market cycles from 2000, 2002, and 2008.