Bubble risk in equities, buy bonds and gold says BofA
The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation, according to Bank of America Corp.’s Michael Hartnett.
The next jobs print from the Labor Department is due on Oct. 4. For now, Hartnett said he remained bullish on bonds and gold.
Semiconductor shares including Nvidia Corp. are in for a rough ride if US jobs data Friday point to a hard landing for the ...
Stock markets are likely to trade sideways until US employment data show clear signs of either weakening or strengthening, ...
strategist Michael Hartnett wrote in a note. Fund managers see a 79% chance of a soft landing as rate cuts support the ...
Sentiment among global fund managers improved in September, with the first upturn since June carried by anticipation of lower ...
Investors should buy gold even as the metal hovers around record-high prices, according to Bank of America investment ...
After months of investor speculation, the Federal Reserve finally cut interest rates for the first time since March 2020.
As equity investors navigate through September’s volatile trade, the prevailing direction of markets needs further ...
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