BofA’s Hartnett Renews Warnings Around Bubble Risks for Stocks
6 Articles
6 Articles
The US stock market, measured by the main index S&P 500, is on track for a full record for the week on Friday with new closing highs every weekday.
Michael Hartnett of Bank of America is one of the most heard voices on Wall Street, and now spoke about the future of actions.
WALL STREET.- The risk of a bubble in the stock markets is increasing as monetary policy becomes more flexible and financial regulations are relaxed, according to strategists from Bank of America Corp. The team led by Michael Hartnett pointed out that the global monetary policy rate fell from 4.8% to 4.4% in the past year, as central banks in the United States, the United Kingdom, Europe and China reduced borrowing costs. Hartnett expects the ra…
Risk increases to the extent that monetary policy is flexible along with the relaxation of financial regulation
Tax cuts, good quarterly figures, customs de-escalation - the stock market in the USA is rising. However, a top strategist warns against bubble risks. The post stock market: Top strategist warns against bubble risks appeared first on financial marketwelt.de.
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