According to CoinMeta, strategists at Bank of America stated that the market sentiment index has risen to its highest level since 2021, and they recommend that investors appropriately reduce their exposure to risky assets. The bank’s bull-bear index has increased from 9.4 to 9.7, indicating investors’ optimistic sentiment. The expansion of the stock market rally, a large inflow of funds into high-yield bonds, and narrowing credit spreads are the main factors driving this sentiment. The Bank of America team prefers defensive assets, believing that such assets can help protect against potential negative shocks in the economy, monetary policy, and the field of artificial intelligence. hartnett said, “We are still in the ‘withdrawal/rotation’ phase of summer, not the ‘re-investment’ phase.” He advises investors to reduce their allocation of risky assets or to shift towards some defensive assets, duration assets, and the US dollar.