Buy the trade deal expectations, but sell the fact, BofA's Hartnett says
The recent rally has fed off optimism over impending trade deals but will falter as the deals are completed, the strategist says.
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12 hours ago
38 hours ago
Bank of America double upgrades this little-known eye care stock poised to pop 40%
BofA says National Vision is well-positioned against tariffs.
2 days ago
Investors fled to Europe and Japan after Trump's tariffs jolted U.S. markets, Bank of America says
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Crypto currencies and high yield bonds benefited last week, at the expense of gold and U.S. Treasury bonds, BofA said.
5 days ago
FOMC Preview: No Change to Fed Funds Rate
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Most analysts expect no change to FOMC policy at the meeting this week, keeping the target range at 4 1/4 to 4 1/2 percent. Market participants currently expect the FOMC to also be on hold at the …
7 days ago
Q2 GDP Tracking: Back to Growth, Wide Range
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a story from Calculated Risk › Calculated Risk
From BofA (forecast, not tracking):
GDP contracted by 0.3% q.q saar in 1Q, despite solid final demand (+2.3%). In our assessment, the surge in imports (which took 5.0pp off 1Q growth) due to front-r…
April Employment Preview
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a story from Calculated Risk › Calculated Risk
On Friday at 8:30 AM ET, the BLS will release the employment report for April. The consensus is for 130,000 jobs added, and for the unemployment rate to be unchanged at 4.2%. There were 228,000 jobs…
10 days ago
Bank of America says this oil giant can jump more than 20%
Diamondback Energy is both a defensive and value play in the oil sector, per BofA.
Bank of America says this oil giant can jump more than 20%
Diamondback Energy is both a defensive and value play in the oil sector, per BofA.
14 days ago
Q1 GDP Tracking: No Growth
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a story from Calculated Risk › Calculated Risk
The advance estimate of Q1 GDP is scheduled to be released on Wednesday, April 30th. The consensus is for a 0.2% increase in real GDP, quarter-over-quarter annualized - or essentially no growth in Q…
Sell U.S. stock rallies and buy the dip on everything else, BofA's Hartnett says
“We remain H1 buyers of dips in bonds, international & gold, sellers of SPX/US$ rallies,” said Michael Hartnett, the bank’s chief investment strategist.