A bear-market rally could be lurking, but investors should ‘sell any rips,' says Bank of America

Despite the extensive losses seen for stock markets so far this year, it’s not over until it’s over — and investors should keep selling into any big rebounds higher.

Some... Despite the extensive losses seen for stock markets so far this year, it’s not over until it’s over — and investors should keep selling into any big rebounds higher. Some strategists view capitulation as a sign the market has bottomed and a good time to buy stocks. However, even a near 1,200-point drop for the Dow industrials DJIA earlier this week, a bear market for the Nasdaq Composite COMP and a near one for the S&P 500 SPX hasn’t convinced everyone the selling is over.

But other pieces of the puzzle are missing, they said. For example, both the bank’s institutional and private client flows aren’t at capitulation lows. Among its private clients with $2.9 trillion in assets under management, 62.8% is allocated to stocks , 18% to bonds and 12.1% cash .

why would there be rips? 😂

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