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via finance.yahoo.comEconomy

BofA says stay risk-off until yields fall below 4.5% and oil hits $70

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Investors should stay risk-off until rate hikes end and financial conditions ease, with the dollar still pushing the wrong way, according to Bank of America strategists. Our AI stock portfolio is beating the S&P 500 by 118%. Discover the stocks we're buying and…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA cautious strategist call on yields, the dollar and oil can weigh on equities in the short term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bank of America strategists led by Michael Hartnett say they will stay risk-off.
  2. 02They want oil below $70 a barrel and the 10-year Treasury yield below 4.5%.
  3. 03A falling dollar is also required, but it is moving the other way for now.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
S&P 500INDEX:SP500Index7,592.40Market closedtoday -0.35%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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