Bullish Sentiment Hits Its Highest Level Since 2021

Investors are getting increasingly bullish as stocks continue climbing, but Bank of America’s sentiment gauge may be flashing a warning rather than a green light.Chuck Zodda and Mike Armstrong break down why Bank of America’s sentiment gauge has reached its most extreme bullish level since 2021, why that kind of optimism has historically worked as a contrarian signal, and what today’s market positioning could mean after a strong run for stocks. They also discuss why the major U.S. indices are moving more closely together this year, how small caps have quietly outperformed, and why emerging market strength may say more about chip stocks in Taiwan and South Korea than the broader global economy. Plus, they look at China’s growing AI ambitions, whether the U.S. chip advantage is enough to stay ahead, Boeing’s latest 737 MAX inspection issue, Paul LaMonica’s take on SpaceX after earnings and lockup expirations, and why private credit ratings are raising new questions for insurance companies.