BOFA WARNS STOCK MARKET TOP RISKS ARE GROWING Bank of America is urging investors to take profits, saying roughly 70% of its bear-market indicators have been triggered, a level consistent with past market peaks. The bank warns U.S. stocks are broadly expensive, speculative activity is increasing, and market gains are becoming increasingly concentrated. While BofA still sees opportunities in individual stocks, it remains cautious on the broader S&P 500 and targets 7,100 by year-end.