Sell U.S. stock rallies and buy the dip on everything else, BofA's Hartnett says

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.

Bank of America: 'Offload As The Market Rallies' - Real News Now

Bank of America is recommending its clients to ‘offload as the market rallies’ as it anticipates the current turbulence in U.S. equities market is not yet over. Analyst Michael Hartnett has sounded the alarm saying that far from a full recovery, the market is on a thin line and can possibly recoil to new lows in the near future. This vulnerability of the market is linked to the gradual trickle-down impact of the Trump Administration’s trade tari…

Bank of America warns to sell the rebound in U.S. stocks and dollar

Bank of America Corp. strategists said investors should sell into rallies in U.S. stocks and the dollar, cautioning that the conditions for sustained gains are missing.

BofA’s Hartnett Warns Sell the Rebound in US Stocks and Dollar

Bank of America Corp. strategists said investors should sell into rallies in US stocks and the dollar, cautioning that the conditions for sustained gains are missing.

BofA tells Americans to sell all dollar and stock holdings now as indexes post rare win streak

Bank of America told investors on Friday to get out of the stock market and dump the US dollar while they still can. The warning, issued in a note led by strategist Michael Hartnett, said the recent rally means nothing without real progress on three major issues: interest rate cuts from the Federal Reserve, a trade deal between the US and China, and strong consumer spending. None of that is happening right now. BoFA’s report said the rise in bot…

Financial markets experience a gradual return of appetite for risk, influenced by a shift in U.S. rhetoric towards a more flexible stance in their trade relations with China, which has contributed to a global recovery of the dollar.However, analysts at Bank of America suggest that investors sell in both U.S. stock and dollar rebounds, considering that the conditions are not yet met for sustained profits.In the business arena, BYD, China's leadin…