BofA Strategist Hartnett Sees Shaky Sentiment as Fed Pivot Rattles Bulls [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
stock investors has caused risk appetite to be “suddenly twitchy,” according to Bank of America Corp. strategist Michael Hartnett. Most Read from Bloomberg New York City's Historic Preservation Movement Is Having a Midlife Crisis NYPD Car Chases Are Becoming More Frequent — and More Dangerous Dakar's Air Quality Plummets as Saharan Dust Descends on Senegal The S&P 500 is headed for the worst week in more than three months after the US central bank said inflation concerns are back in focus, signaling fewer interest-rate cuts than anticipated next year. Before the Fed meeting, allocations to US equities had surged to a record and cash holdings had fallen so low that they triggered a sell signal for stocks, according to BofA's monthly fund managers survey published earlier this week. In a note late Thursday, Hartnett wrote that global equity breadth remains “dire,” meaning a relatively small cohort of the best-performing stocks must “keep winning” to mask any ongoing correcti
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