Several counter-indications point to a major drop in US markets

Several counter-indicators give serious alarm signals to investors. And they can be a precursor to a serious downgrade for the markets.
First of all, private clients' cash has fallen to a record low as a percentage of their total assets, according to Bank of America Merrill Lynch.
This means that investors feel more relaxed than ever to direct their funds to financial assets. Evidence of this is also the record low value of the VIX volatility index, which is at 23-year minimum and one-digit value.
In addition, institutional investors also hold the lowest cash value since the beginning of the bullish market eight years ago, according to Citigroup. The cash value is about one third of its highest value reached in 2016.
Next, index funds have recorded the largest capital inflow in two and a half years.
Last but not least, the new record values ​​of the indices should be noted. The S&P 500 and Nasdaq 100 indices reached historic records, rising by 265 and 466%, respectively.
Meanwhile, the inflow to top-rated bonds continues to take full effect, with net capital inflows positive for the 30th consecutive week.
As BAML warns, there is a serious risk of melting the wings when flying too close to the sun.
Bank of America Merrill Lynch strategists comment in a letter to their customers that a big downturn in the market is likely to be an autumn, not a summer event.