(Bloomberg) — A Federal Reserve interest rate cut could be a signal of trouble for the economy, according to Bank of America Corp. strategists. Most Read from Bloomberg US equities have been rallying since October as the economy and company earnings held up despite the higher-for-longer rates environment. Investors are hoping the US central bank […]
(Bloomberg) — The rally in global equity markets is at risk of overheating, according to Bank of America Corp. strategist Michael Hartnett. Most Read from Bloomberg The bank’s so-called global breadth rule shows that about 71% of equity indexes are trading above both their 50- and 200-day moving averages. A reading above 88% would trigger […]
(Bloomberg) — A weaker jobs report would be a stagflation signal, raising the odds of a selloff in stock markets, according to Bank of America Corp. strategist Michael Hartnett. Most Read from Bloomberg Recent US economic data has been stagflationary as it suggested slowing growth at a time of sticky inflation and labor costs, Hartnett […]