Serenity criticizes U.S. Bank: Misleading predictions trigger retail panic, acting like a "reverse indicator"

Odaily Planet Daily News Serenity criticized certain market views from Bank of America on platform X, stating that its behavior resembles a "malicious version of Bernstein/Jim Cramer" and may mislead retail investors. According to reports, BofA claimed that the South Korea Composite Stock Price Index (KOSPI) and the South Korea ETF (EWY) are in an "extreme bubble" state, comparing them to the silver crash in March, which led some retail investors to sell their holdings. However, the South Korean stock index subsequently continued to rise, nearly doubling and hitting record highs.

Serenity added that BofA recently also suggested "three rate cuts expected by 2026," a view that clearly deviates from derivatives market pricing. The market currently estimates the probability of this scenario at nearly 0%. Such predictions could trigger retail panic while also contradicting the Trump administration's previous stance on pushing for rate cuts. As a major U.S. bank, releasing such "junk predictions" and disseminating them to retail investors constitutes harmful behavior.