Bank of America says investors are too bullish so forget about summer market upside
- Posted on July 14, 2026
- By CNBC
- 0 Views
- 1 min read
In brief
Bank of America's chief strategist Michael Hartnett raises concerns about excessive market optimism, suggesting it represents a contrarian warning signal for investors. With bullish sentiment reaching elevated levels, Hartnett recommends a defensive positioning strategy and advocates for reducing equity exposure ahead of the summer trading season. This contrarian perspective challenges prevailing market enthusiasm and highlights the importance of managing risk through portfolio rebalancing.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Bank of America says investors are too bullish so forget about summer market upside
Strategist Michael Hartnett worries the sheer level of optimism is a contrarian sell signal, saying investors should reduce their exposure to stocks.
