Kai Risdahl

Hey, so here's a question.

What do strawberry jam and stock market analytics have in common?

Stick around.

We'll tell you.

From American Public Media, this is Marketplace.

In Los Angeles, I'm Kyle Risdell.

It is Tuesday today, 9 June.

Good as always to have you along, everybody.

The Strawberry Jam comes to us from the JM Smucker Company, to which we will get in just a second.

The Stock Market Analytics come to us from Bank of America.

The Setup comes from us, and it goes like this.

These are, broadly speaking, headlines.

Heady days in the equity markets.

Record highs practically every time you turn around.

Everybody you can think of is filing to go public, and trillion-dollar companies are basically table stakes now.

However, comma, Bank of America is singing a different tune.

In a note last week, B of A, which I should tell you advertises with us, said there are, and this is a quote, too many red flags, end quote, pointing to a market peak, and that it is time to, again I'm quoting because these words matter, take profits.

So...

So until we see major fundamental changes to the economy, to corporate fundamentals, to what the Fed is going to do, we would not recommend making major changes to a portfolio right now.

Wall Street on this Tuesday, there was a little profit taken.