Bank of America Strategist Issues ‘Tactical Pain’ Warning for Stock Market, Says Likelihood of Short-Term Correction for Gold and Silver Is ‘Very Hig
A Bank of America (BofA) strategist believes the US stock market is gearing up for a corrective move as equities flash signs of weakness.
In a new CNBC interview, BofA’s head of technical research, Paul Ciana, says stocks need to stay above a key technical indicator or risk triggering another sell-off event.
“I think markets are focused on likely 50-day moving averages and trailing lows over the last month or two. So about 6,550 was the lows on the last two dips in the S&P 500.
Coming into the full sessions over the next few days, if those levels are holding, it could be a little encouraging for the bull market to re-establish itself here. But if we start to roll over and break through that, then there’s likely some more tactical pain to come.”
At time of writing, the S&P 500 is trading at 6,656.
For precious metals, Ciana says gold and silver are now at a high risk of a correction, even though they are in the midst of a parabolic run.
“Silver, gold, platinum, we’ve talked about a number of times on the show this year, going higher.
So, in that vein of thinking, you’re trailing your stop. You’re trying to stay long for as long as you can, and you’re fighting essentially every statistic that says the likelihood of a correction, at least in the short term, is very high.”
At time of writing, gold is trading at $4,232, while silver is worth $52.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Major Institutions Wager on Bitcoin’s Long-Term Potential as Expectations of Fed Rate Cuts Drive Surge to $93K
- Bitcoin surged to $93,000 on Nov 25, 2025, driven by 85% odds of a Fed 25-basis-point rate cut in December. - XRP rose 11% and Ethereum hit $2,900 as improved liquidity and macro sentiment fueled crypto optimism ahead of the Fed's Dec 10 meeting. - Institutional demand grew with Texas and Harvard investing in Bitcoin ETFs, while Abu Dhabi tripled its ETF holdings to $517.6 million. - Risks persist: ETF outflows, leveraged fund liquidations, and regulatory uncertainties offset gains, with derivatives posi
Ethereum Updates Today: MegaETH's $1 Billion Funding Failure Highlights Blockchain Scaling Challenges
- MegaETH canceled its $1B fundraising after technical failures caused unintended deposits and operational chaos during the pre-deposit phase. - KYC system errors and premature execution of a multisig transaction led to $500M in deposits, forcing the team to freeze the raise and abandon expansion plans. - Critics highlighted preventable engineering flaws, with 259 duplicate addresses raising concerns about bot activity and unfair allocation practices. - Despite backing from Vitalik Buterin and Joe Lubin, t
Ethereum News Update: Canton’s Privacy-Centric Approach Attracts Institutions Away from Public Blockchains
- Canton Network's tokenomics strategy prioritizes institutional adoption by avoiding ICOs and focusing on privacy and interoperability. - Its "need-to-know" privacy model enables regulated access to transaction data, aligning with KYC/AML frameworks while maintaining confidentiality. - Institutional backing, including $135M funding and Goldman Sachs integration, highlights Canton's appeal for enterprise blockchain solutions. - Canton's RWA TVL ($96 per $1 cap) outperforms Ethereum ($0.03), emphasizing its
Hyperliquid News Today: SEC Approval Ignites Triple Crypto Rally: ETFs, Cross-Chain Bridges, and Retail Frenzy
- Institutional investors are accelerating crypto adoption via Avalanche-based ETFs, with Bitwise’s 0.34% fee BAVA ETF offering staking yields and cost advantages over competitors. - Avail’s Nexus Mainnet bridges Ethereum and Solana ecosystems, streamlining cross-chain liquidity and reducing fragmentation through a unified network. - Retail hype drives Apeing’s presale as a potential 100x opportunity, leveraging meme coin dynamics and FOMO to attract speculative traders. - SEC’s evolving regulations and in
Trending news
MoreCrypto prices
More
