Bullish Sentiment Highest Since August 2015 Market Crash,

With the stock market climbing high to start the month of May – some indexes are approaching record highs and the VIX was plunging to the low 10 level – a new research note from Bank of America Merrill Lynch notes the euphoria may lead to a market bust as Bullish Sentiment soars.

Bullish Sentiment highest since August 2015 market crash, but not extreme

Stock market bullishness has reached a 20-month high as markets are entering the “sell in may and go away” rhyme territory on the first day of the month.

In a May 1 report, BofA’s Equity and Quant strategist Savita Subramanian and his team note that in April the investment...