Bank of America’s Hartnett Expects Risk Aversion Into Mid-November
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www,finanzasdigital.com The caution of investors and risk aversion bias in international financial markets will be maintained until mid-November, according to the...
The Bank of America warns against further price losses at the S&P 500 from a historically strong stock market phase. Chief strategist Michael Hartnett expects that the risk aversion in the US stock markets will continue until mid-November. Seasonality around the interim elections on November 3 actually speaks for rising stock prices. However, the sale of AI shares and the uncertainty [...] The post S&P 500: BofA warns against price losses despit…
Bank of America strategist Michael Hartnett warned that pressure on global equities could continue until mid-November. High valuations in AI investments, rising borrowing costs, and uncertainties surrounding the US midterm elections are causing investors to act cautiously.
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