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US warns on profit-taking as stocks approach high

US warns on profit-taking as stocks approach high

Bank of America has confirmed that the U.S. stock market is approaching a phase similar to previous price peaks, urging investors to take profits amid continued declines in demand, rising inflation indicators, and technical valuations. They also issued warning signals of a potential downturn and intensified pressures, noting that some technical indicators are surpassing bubble-like levels reminiscent of the tech bubble.

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