**[BofA Strategist: Market Ignoring Risks, Beware of AI Investment Backlash]** BlockBeats News, July 24 — Sebastian Raedler, Head of European Equity Strategy at Bank of America (BofA), recently issued a stern warning: the current stock market pricing logic is entirely built on the assumption of "everything being perfect." This extreme optimism not only pushes market valuations to high levels but also leaves investors completely exposed to risks without protection. Raedler pointed out that current market expectations for core indicators such as profit margins and five-year forward earnings growth have reached historical peaks. In stark contrast, the "risk premium," which measures market hedging sentiment, has fallen to its lowest point in 20 years. Raedler advises investors to decisively exit cyclical sectors with high valuations and fragile logic, and instead seek out "high-quality defensive stocks" that have been long overlooked by the market. He specifically highlighted the healthcare and consumer staples sectors.