Recent data from Bank of America (BofA) indicates a surge in corporate sentiment, reaching record highs. The S&P 500 Corporate Sentiment has also hit an all-time high, reflecting a bullish outlook among investors. Credit investors are exhibiting strong bullish sentiment, as evidenced by the narrowing of credit spreads to the lowest level since 2007, indicating a reduced yield premium for lower-quality corporate debt compared to higher-quality government debt. However, corporate insiders are showing the most bearish selling activity recorded to date, reminiscent of previous market tops in 2007 and 2021. Additionally, a Federal Reserve survey revealed that U.S. banks reported a net positive demand for commercial and industrial loans in the fourth quarter of 2024, the first such positive demand since 2022. This uptick in loan demand coincides with reports of tighter credit standards, suggesting a complex landscape for lending as conditions continue to evolve.