Bank of America warns of extreme bullish sentiment in US stocks, gold may become a safe haven.

This week, the US stock market continued to hit historic highs, with market expectations for three rate cuts by the Federal Reserve this year gradually increasing. Investors are expecting that the Federal Open Market Committee will downplay the potential risks of tariffs on inflation and instead focus more on the issue of a slowdown in the job market. The chief US stock strategist at Bank of America, Hartnett, issued a warning in his article, pointing out that investors' "extremely bullish sentiment" towards the US stock market is hiding risks, and suggesting that gold is a quality tool for hedging against inflation, depreciation of the US dollar, and disorderly risks.