US tech stocks show a big gap as top 20% beat bottom 20%. BofA warns of overvaluation, market risk, and slowing gains in the S&P 500.

"Bear market signposts have risen to 70%, which matches the average of prior market peaks." - Bank of America

US tech stocks show a big gap as top 20% beat bottom 20%. BofA warns of overvaluation, market risk, and slowing gains in the S&P 500.

Days before the worst chip rout since 2020, BofA warned that seven warning lights were flashing.