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☆ 5 charts showing Trump's immense post-election market impact
▼ + stars: | 2024-11-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Bank stocks in particular got a lift amid speculation of increased deal activity. Bank of America Global Investment Strategy, EPFR2. Bank of America Global Investment Strategy, EPFR3. Bank of America Global Investment Strategy, EPFR4. Bank of America Global Investment Strategy, Bloomberg5.

Persons: Donald Trump's, Stocks, Michael Hartnett, Gold, Crypto Organizations: Investors, Bank, Bank of America, BofA Global Research, Bank of America Global Investment, Bank of America Global Investment Strategy, Bloomberg Locations: outflows

☆ Each month of Boeing's strike pushes out 737 production peak by 9-12 months: BofA's Ron Epstein
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEach month of Boeing's strike pushes out 737 production peak by 9-12 months: BofA's Ron EpsteinRon Epstein, Bank of America Global Research aerospace and defense analyst, joins 'Squawk Box' to discuss the state of Boeing's union contract vote, economic impact of the machinist strike, and more.

Persons: BofA's Ron Epstein Ron Epstein Organizations: Bank of America Global Research

☆ Investor sentiment starting to enter into frothy territory with so much going well for stock market
▼ + stars: | 2024-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Fully 90% expect a "soft landing," or "no landing" at all (i.e. That's not the case here: the Fed is cutting rates going into, at worst, a soft landing, which is very unusual. The S & P 500 was up 2.0% in September and is higher by 0.9% so far in October. Historically, the S & P tends to rise beginning in the last week of October and through November and December. Goldman Sachs noted that, since 1928, the median S & P 500 return from October 15 to December 31 has been 5.17%.

Persons: That's, Alicia Levine, BNY, Goldman Sachs, Goldman, buybacks, Stocks, there's, AAII, BofA Organizations: America, Trump, Bank of America Global Fund, Survey, Fed, buybacks, American Association of Locations: U.S, frothy

☆ European Central Bank set for third interest rate cut of the year in meeting this week
▼ + stars: | 2024-10-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty ImagesThe European Central Bank is on course to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers say inflation risks are easing faster than previously expected. Headline price rises in the euro area cooled to 1.8% in September, below the central bank's 2% target. Bank of France Governor Francois Villeroy de Galhau last week described an October rate cut as "very likely" and said such a step "won't be the last." This led him to forecast ECB rate cuts will take place both this week and at each of the central bank's forthcoming meetings, until the deposit rate hits 2.5%.

Persons: Daniel Roland, Francois Villeroy de Galhau, Villeroy, Christine Lagarde, Joachim Nagel, Germany's Bundesbank, Jack Allen Organizations: European Central Bank, ECB, Afp, Getty, Bank of France, France, European Union, Citi, Media, U.S, U.S . Federal, Barclays, Capital Economics, Reynolds, Bank of America Global Research Locations: Frankfurt, Main, Germany, U.S .

☆ France hoping to avoid a hit to economic growth with tax rises and spending cuts, economist says
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance hoping to avoid a hit to economic growth with tax rises and spending cuts, economist saysEvelyn Herrmann, Europe economist at Bank of America Global Research, discusses France’s 2025 budget after the government unveiled its spending plans.

Persons: Evelyn Herrmann Organizations: France, Bank of America Global Research Locations: Europe

☆ Mid-cap stocks are a better hedge in the near term than small caps, says BofA's Jill Carey Hall
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMid-cap stocks are a better hedge in the near term than small caps, says BofA's Jill Carey HallJill Carey Hall, Bank of America Global Research head of U.S. small and mid-cap strategy and senior U.S. equity strategist, joins 'Squawk Box' to discuss the latest market trends, why she likes mid-cap stocks in the near term, the Fed's inflation fight, interest rate outlook, and more.

Persons: Jill Carey Organizations: Jill Carey Hall , Bank of America Global Research

☆ Need for more production cuts in the Lithium market, says analyst
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeed for more production cuts in the Lithium market, says analystMichael Widmer, the managing director and head of metals research at Bank of America Global Research, discusses the Lithium market and Rio Tinto's announcement it is acquiring Arcadium.

Persons: Michael Widmer Organizations: Bank of America Global Research, Rio

☆ PRO: Watch CNBC's full interview with the "Talk of the Tape" panel
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPRO: Watch CNBC's full interview with the "Talk of the Tape" panelJill Carey Hall, Bank of America global research, and Courtney Garcia, Payne Capital Management, and Jeremy Siegel, Wharton School professor of finance, join 'Closing Bell' to discuss the latest news affecting markets.

Persons: Jill Carey, Courtney Garcia, Jeremy Siegel Organizations: Jill Carey Hall , Bank of America, Payne Capital Management, Wharton School

☆ These 2 key metrics will signal whether small, unloved stocks will continue to beat the market, BofA says
▼ + stars: | 2024-07-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The firm is looking at specific levels for the 10-year Treasury yield and manufacturing PMI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. New research from Bank of America outlined two specific criteria that could serve as signals the rally will continue. AdvertisementMeanwhile, manufacturing PMI fell to 48.5 in June. "The Manufacturing economy is in the second longest downturn in history with 21 months without two straight months of 50+ PMI.

Persons: —, SPW, Russell, Tom Lee Organizations: of America, PMI, Service, Bank of America, Treasury, 6.3ppt, Bank of America Global Research, Federal Reserve, Barclays Locations: outperformance

☆ BofA's Jill Carey Hall on what's driving the rally in small-cap stocks
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Jill Carey Hall on what's driving the rally in small-cap stocksJill Carey Hall, Bank of America Global Research head of small and mid-cap strategy and senior U.S. equity strategist, joins 'Money Movers' to discuss what inning the rotation into small-caps is in, what sectors where earnings revisions have been positive, and much more.

Persons: Jill Carey Hall, Jill Carey Organizations: Jill Carey Hall , Bank of America Global Research

☆ Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says
▼ + stars: | 2024-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBank of America's latest Global Fund Managers survey found that shadow banking has surpassed commercial real estate as the likeliest culprit of a future credit event. In June's survey, commercial real estate held the top spot. Related storiesMeanwhile, BofA's survey indicates that fund managers are still keeping their eyes on commercial real estate, a sector that has wobbled under the weight of high interest rates. Between tighter monetary policy and a significant pullback in office demand, worry has mounted regarding whether commercial real estate entities can pay off their debt.

Persons: —, Jamie Dimon, BofA Organizations: Service, America's, Global Fund, Business, Bank of America Global Fund, Survey, JPMorgan Locations: H2'24

Bank of America, meanwhile, raised its price target on Costco after the company announced an increase to its membership fees. Analyst James Heaney assumed coverage of Roblox with a hold rating — down from a buy — and $42 price target, which implies a 5.9% potential increase. Rakers' new target price suggests the stock — which is up 24.8% this year — could gain another 11.4%. Analyst Robert Ohmes upped his price target by $88 to $962 on Costco, suggesting shares could gain 8.8%. Its price target of $385 implies upside of 26.2% from Wednesday's close.

Persons: Jefferies, Roblox, downgrades, James Heaney, Heaney, RBLX, — Pia Singh, Wells, Aaron Rakers, Rakers, Wamsi Mohan, Mohan, There's, Robert Ohmes, Ohmes, Fred Imbert Organizations: CNBC, Spotify Technology, Bank of America, Costco, Silo AI, Silo, AMD, Apple, of America, Apple's, Conference, U.S, Apple Vision, America, Jefferies, Spotify Locations: Wells Fargo, Europe, North America, Nod.ai, U.S, China, India, Canada, Wednesday's

☆ BofA's Jill Carey Hall makes a bullish case for the return of small caps
▼ + stars: | 2024-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Jill Carey Hall makes a bullish case for the return of small capsJill Carey Hall, Bank of America Global Research head of small and mid-cap strategy and senior U.S. equity strategist, joins 'Closing Bell' to offer her case for investing in small caps.

Persons: Jill Carey Organizations: Jill Carey Hall , Bank of America Global Research

New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April. The ministry on Friday stated Japan spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. Japan last intervened to stabilize the currency in October 2022, when the yen fell to lows of around 152 per dollar. Authorities intervened three times that year to stabilize the currency, reportedly spending as much as a combined 9.2 trillion yen over the period.

Persons: Shunichi Suzuki, Suzuki, CNBC's Dan Murphy Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S, Bank of America Global Research, Bank of Japan, Japanese Finance, Authorities Locations: Japan, London

☆ Apollo CEO Marc Rowan defends private credit from Jamie Dimon, saying shadow banking 'makes the system safer.'
▼ + stars: | 2024-05-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Tighter bank lending means more opportunities for private lenders to lend and make outsize returns on their loans. Financial industry titans Jamie Dimon and Marc Rowan have been trading opposing views on the burgeoning sector for the last year. Last year, Rowan responded to Dimon's comments that higher capital requirements for banks had private lenders like Apollo "dancing in the streets." AdvertisementRowan on Thursday responded by saying that the private-credit industry helps reduce systemic risk caused by the traditional banking industry. "Jamie is an amazing representative of the banking industry," Rowan said.

Persons: —, Jamie Dimon, Marc Rowan, Dimon, JPMorgan Chase, Rowan, Apollo, Jamie, Blackstone, — I've, Bernstein, Dimon's Organizations: Service, Financial, JPMorgan, Business, Bank of America Global Research, Apollo Locations: New York City

☆ Equities still have an upside from today's levels, says BofA's Jill Carey Hall
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities still have an upside from today's levels, says BofA's Jill Carey HallJill Carey Hall, Bank of America Global Research head of small and mid-cap strategy and senior U.S. equity strategist, joins 'Squawk Box' to discuss the strategist's thoughts on market performance, the firm's price target for the indices, and much more.

Persons: Jill Carey Organizations: Jill Carey Hall , Bank of America Global Research

☆ Japan's yen had a rollercoaster week amid suspected intervention. Here's what you need to know
▼ + stars: | 2024-05-03 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. The yen touched 160.03 against the greenback on Monday, for the first time since 1990, but strengthened to 156 levels later that day amid speculation about an intervention by Japanese authorities. Japanese authorities are yet to issue an official statement confirming their role in propping up the currency. In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose policy, leading to concentrated carry trades in the Japanese yen. Market participants believe Japanese authorities will intervene further to prop up the currency.

Persons: Glowimages, they've, Nicholas Smith, Kazuo Ueda, Edward Yardeni Organizations: U.S, Glowimages, CNBC, Bank of America Global Research, Bank of Japan, Bank of, Federal Reserve, Yardeni Research Locations: propping, Japan, U.S, Bank of Japan

☆ It isn't just Boeing that's bleeding billions — major US airlines are hemorrhaging cash too
▼ + stars: | 2024-04-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Southwest Airlines and American Airlines posted losses in the first quarter of 2024. On Thursday, Southwest Airlines and American Airlines reported losses in their quarterly earnings call. Southwest Airlines CEO Bob Jordan told CNBC the decision to cease flights had "nothing to do" with Boeing's aircraft delivery delays. AdvertisementRepresentatives for Southwest Airlines and American Airlines didn't immediately respond to a request for comment from BI sent outside regular business hours. "Near term, yes, we are in a tough moment," Boeing CEO Dave Calhoun said in a letter to employees on the same day.

Persons: It's, Bob Jordan, —, George Bush, Jordan, Robert Isom, I've, Isom, Isom's, Brian West, Dave Calhoun Organizations: Boeing, Airlines, Southwest Airlines, American Airlines, Southwest, Service, —, — Bellingham International, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, CNBC, American, Bank of America Global Industrials Conference . West, BI, Max, Wednesday Locations: — Bellingham, Cozumel, Southwest, Oregon, California

☆ Japan's yen hits 34-year-low, heating talk of intervention
▼ + stars: | 2024-03-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan's efforts to protect the yen while slowing the pace of rising bond yields are becoming increasingly clear in currency and debt markets. The yen was last at 151.22 against the dollar at 10:19 a.m. London time after paring back some losses. The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency. "There is now a higher chance of Japanese FX intervention.

Persons: Kentaro Takahashi, Shunichi Suzuki, Masato Kanda, Kanda Organizations: Bloomberg, Getty, U.S ., Bank of Japan, Financial Services Agency, Reuters, FX, Commonwealth Bank of Australia, Bank of America Global Research Locations: Kyoto, Japan, London

☆ It's been four years since the market's Covid low with the S&P 500 returning 25% annualized since
▼ + stars: | 2024-03-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.

Persons: –, Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America

☆ BofA's Jill Carey Hall on raising S&P 500 year-end target to 5,400
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Jill Carey Hall on raising S&P 500 year-end target to 5,400Jill Carey Hall, Bank of America Global Research head of small and mid-cap strategy and senior U.S. equity strategist, joins 'Squawk Box' to discuss the latest market trends, why she has an S&P 500 year-end target of 5,400, where investors can find opportunities, and more.

Persons: Jill Carey Organizations: Jill Carey Hall , Bank of America Global Research

☆ The US, China, and Europe's economies are drifting apart. The global 'decoupling' is moving markets.
▼ + stars: | 2024-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Read previewThe biggest players in the global economy are on different trajectories, and markets around the world are reflecting the shifting landscape. "Signs of decoupling are present in global growth, trade, and equity markets," Bank of America strategists wrote in a Friday note. AdvertisementTo that point, the outlook for the Euro area looks softer. BofA expects Euro area growth at 0.4% in 2024 and 1.1% in 2025. Growth forecasts for US, Euro Area, and China.

Persons: —, Janet Yellen, BofA, SPX Organizations: Service, Bank, Business, Bank of America, Wall, Federal Reserve, ECB, Bank of America Global Locations: China, There's, Germany, Spain, Europe

☆ Digital ad market shows signs of sharp rebound as Meta, Amazon point to growth
▼ + stars: | 2024-02-05 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

During that period Meta's ad revenue fell 4%, and Google's ad business suffered a similar drop . A year ago, Meta finance chief Susan Li offered chilling commentary about the state of the digital ad market, telling analysts that the struggling industry would remain in a slump. Meanwhile Alphabet, still the market leader, saw its Google ad business rise 11% to $65.5 billion, boosted by 16% growth at YouTube. Investors will get additional data on the digital ad market when Snap and Pinterest report earnings this week. On the whole, "digital advertising is continuing to eat up share" of worldwide advertising, Williamson said.

Persons: Li, Susan Li, Debra Aho Williamson, William Blair, Williamson, Meta Organizations: Google, YouTube, Insider Intelligence, CNBC, Intelligence, Meta, Investors, Bank of America Global Research Locations: Paris, Russia, Ukraine, China, Red

☆ Global fund managers turn uber-bullish as stock rally rolls in to mid-December
▼ + stars: | 2023-12-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

If you want a sense of how frothy things have become, look no further than the December Bank of America Global Fund Manager Survey. This is a survey of roughly 250 global fund managers and is a very good gauge of sentiment among fund managers. 1-month average returns: 1.9% (vs. 0.6% in all 1-month periods) 3- month average returns: 3.3% (vs. 1.9%) 1- year average returns: 7.5% (vs. 7.9%) Source: StoneX While eight-day streaks are rare, the Dow has done even better. Last July, th e Dow broke a 13-day winning streak , the likes of which were last seen in 1987. It's currently at an RSI (Relative Strength Indicator, a gauge of momentum over the past 14 trading days) of 85.

Persons: Dow, Matt Weller, That's, Weller, It's Organizations: Bank of America Global Fund, Survey, Federal, Dow Locations: China

☆ Average 60/40 portfolio has best month in November since 1991 - BofA
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. A typical 60/40 portfolio - one that holds 60% in stocks and 40% in bonds - would have returned 9.6% in November, the most since December 1991, which saw the dissolution of the USSR, BofA said. They cautioned though: "pull backs follow monster months" and such a portfolio lost 3.2% in the first quarter of 1992. (.MIWD00000PUS)The yield on the benchmark 10-year U.S. Treasury note fell 52 basis points in the month, its most since 2011. A bond's yield moves inversely to its price.

Persons: Rick Wilking, BofA, Alun John, Amanda Cooper, Sharon Singleton Organizations: REUTERS, Bank of America Global, Treasury, Thomson Locations: Westminster , Colorado, USSR

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