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Bank of America identifies 3 indicators that could make or break the stock market this summer a?? and warns they're all deteriorating fast

Bank of America identifies 3 indicators that could make or break the stock market this summer a?? and warns they're all deteriorating fast




The potential for a stock-market rally that extends further into the summer is being undermined by a few market-based indicators, according to Bank of America.




Stephen Suttmeier, the chief equity technical strategist at Bank of America, identified three that sputtered at the end of June – and which bear close watching in the weeks ahead.




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The news flow around coronavirus infection rates and how various states are responding continues to drive market volatility and keep investors on their toes.
In addition to the evolving situation on the ground, there are market-based indicators that are just as useful in clueing investors on what happens to stocks next.
That's where Bank of America's team of technical analysts come in, as experts who use trends and charts to analyze the market. They recently highlighted multiple indicators that threaten the summer rally — one which has already brought the S&P 500 within 5% of its all-time high after a record-breaking crash and kept alive hopes of a swift economic recovery.
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