Svmuu News: Serenity posted on X criticizing some of Bank of America’s market views, stating that the bank’s behavior resembled a “malicious version of Bernstein/Jim Cramer” and could mislead retail investors.Reportedly, Bank of America claimed that the Korea Composite Stock Price Index (KOSPI) and the Korea ETF (EWY) were in a state of “extreme bubble,” drawing a comparison to the March silver crash, which led some retail investors to sell their positions. However, the Korean stock index subsequently continued to rise, nearly doubling and hitting an all-time high.
Serenity added that Bank of America recently put forward the view that “three interest rate cuts are expected in 2026,” which shows a significant deviation from derivatives market pricing; the market currently views the probability of this scenario as close to 0%.Such forecasts could trigger panic among retail investors and run counter to theDonald Trump’s government’s previous stance in favor of interest rate cuts. As a major U.S. bank, issuing such “junk forecasts” and disseminating them to retail investors is a harmful practice.