Oil Prices Rise on U.S. Fuel Stock Drawdown Oil prices rose in early European trading, on a weaker dollar and improved sentiment on the demand side following a larger-than-expected drawdown in.
International Business News: Brent crude oil prices surged to $93 a barrel as tensions in the Middle East escalated, threatening oil supplies from the region. Iran called for an o
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Bank of America s Bull & Bear indicator showed sentiment climbed on a 1-10 scale to 7.1 last week from 6.7 on December 17.
This prompted Bank of America s chief investment strategist, Michael Hartnett, to say in a January 7 note that investors were rationalizing increasingly irrational price action on Wall St.
Hartnett laid out six warning signs to watch that could signal a bear market is beginning.
Investor sentiment has climbed from rock bottom in March to what is now approaching extremes on the other end of the spectrum and it s starting to worry Bank of America s top strategist.