Mike Larson | Editor-in-Chief
I canāt ignore it. After all, itās the ONE table traders all over social media canāt stop talking about! And it raises a simple question: Is the stock market peaking?
Check out my MoneyShow Table of the Day, which comes from a report published by Bank of America US Equity & Quant Strategy. It was accompanied by straightforward advice from department head Savita Subramanian: āToo many red flags. Take profits.ā
Is this a Peak? Count the Checkmarks!
Source: Bank of America US Equity & Quant Strategy
The gist of it? That 70% of the firmās ābear market signpostsā have been triggered as of May. Thatās in-line or greater than what we saw at other market peaks in 2018, 2020, 2022, and 2025. Itās also approaching the 80% level seen in October 2007, though not quite at the 90% āred alertā level seen in March 2000.
I cut off the full list of indicators because theyāre wordy and wouldnāt render well onscreen. But suffice it to say that five are sentiment-based, two are valuation-derived, and three are macro-focused. Among the signals that fired are those tied to tightening of credit conditions, low-PE stocks underperforming high-PE names by a significant margin, and survey data measuring investor bullishness.
So, is this āitā for the bull market? Iām certainly not going that far. Plenty of other people have warned about the same thing in the last few yearsā¦and we know how well that panned out.
But there has been enough interesting activity (like the āRevenge of the Tortoisesā) lately that you should pay it some attention. It's why I've been recommending you diversify ā and that doesnāt mean just owning 10 different tech stocks! It means having exposure to other stocks and sectors in this evolving āBe Boldā market.
At the 2026 MoneyShow Las Vegas, Deron Wagner shared that psychology must be the foundation of everything you do. Even the best strategy is worthless if fear or greed stops you from following it. The key to staying out of trouble? Trade what you see, not what you think.Ā
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Market breadth has not yet broken decisively, but it has lost momentum. Both accumulated Capital Weighted Volume and Capital Weighted Dollar Volume turned sharply lower last week, though they remain slightly above support represented by their January highs. This is a critical supply line, writes Buff Dormeier, chief technical analyst at Kingsview Partners.
š TICKER:Ā UUP
The US dollar rose to a multi-month high in overnight trade Monday amid negative geopolitical headlines. But ultimately the greenback paired gains and ended slightly lower as risk-on money flows returned with dip buyers at work in the equity market. The Dollar Index ended down 0.08%, notes Tom Essaye, president of the Sevens Report.
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