BofA's Hartnett sees risk-off mood lasting until mid-November
FROM THE WIRE · FINANCE.YAHOO.COM
(Bloomberg) -- Investors' risk-off mood is likely to continue well into November, according to Bank of America Corp.'s Michael Hartnett, in another sign of how jitters around the artificial intelligence trade and the US midterm elections have held back equity markets. Most Read…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA major bank strategist's call for lower stocks, yields and dollar can weigh on market sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Michael Hartnett of Bank of America stays tactically risk-off until mid-November.
- 02The caution reflects jitters around the AI trade and the US midterm elections.
- 03The strategy expects down-in-yields, down-in-stocks and down-in-dollar moves.
- 04Hartnett said the market still needs to fully price a Democratic win in both the House and the Senate.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Bank of America Corporation51.08 USDMarket closedtoday +0.59%Negative US Dollar Index101.65000.00%today -0.13%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets