Bank of America flags extreme sell signal as analyst downgrades SpaceX

Bank of America’s Blue & Bear indicator, which aggregates hedge‑fund positioning, stock‑bond flows and other market data, has lit its strongest sell signal in five years, suggesting heightened risk exposure for widely watched equities.

Separately, CFRA analyst Keith Snyder remains one of the few bearish voices on SpaceX after its recent IPO, assigning a sell rating and a target price of $115, about 24% below the current share level, while most Wall Street analysts stay bullish.