Players are investing too much in stocks - making them ready to start selling off, Bank of America warns. The volume of money invested in global investment funds has approached $70 billion over the past seven weeks, EPFR Global statistics show. Selling will be facilitated by the decline in inflation, which does not allow to expect further tightening of monetary policy by central banks. This is written by investing.com with reference to Bloomberg.

The bank expects the beginning of sales in the last days of August or the first days of September, at that, according to analysts, they will take place in the long term. After the publication of the latest data on inflation in the U.S., which turned out to be below forecasts, the stock market showed growth (especially the IT sector), as the statistical data strengthened investors' hopes that the Fed will soon end the cycle of raising the key rate. However, Wall Street, including Morgan Stanley, expect the stock market to fall before the end of the year.