Serenity Slams US Bank: False Predictions Spark Retail Panic, Acting Like a "Reverse Indicator"

Odaily reported that Serenity criticized some of Bank of America's market views on the X platform, stating that its behavior is akin to a "malicious version of Bernstein/Jim Cramer" and may mislead retail investors. According to reports, Bank of America claimed that South Korea's KOSPI index and the Korea ETF (EWY) are in an "extreme bubble" state, drawing a comparison to the March silver crash, which prompted some retail investors to sell their holdings. However, the Korean stock market subsequently continued to rise, nearly doubling and hitting an all-time high.

Serenity added that Bank of America recently also put forward a view "expecting 3 rate cuts in 2026," which deviates significantly from derivatives market pricing, with the market currently seeing the probability of this scenario as close to 0%. Such predictions could trigger retail panic while also contradicting the Trump administration's previous stance in favor of rate cuts. As a major U.S. bank, issuing such "junk predictions" and disseminating them to retail investors is a harmful practice.