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☆ Post-rate cut bubble risks mean investors should buy bonds and gold, Bank of America says
▼ + stars: | 2024-09-20 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

But that means investors once again exposed to risks of a tech bubble inflating anew. Hartnett says investors should allocate to bonds and gold to hedge bubble risk. But it means investors will have to chase the stock market surge as bubble risks bounce back, he added. AdvertisementHartnett has previously warned of the potential for a tech bubble as investment in AI has soared. Amid further AI investment and easing policy, Hartnett says the best way to position portfolios is with allocations to bonds and gold, which hedge against growth and inflation risks.

Persons: BofA's Michael Hartnett, Hartnett, —, Michael Hartnett Organizations: Service, Federal Reserve, Bank of America, Nvidia, Broadcom, ASML, Meta, Treasury

☆ Stocks' bull run will end in a bubble or recession, says Bank of America strategist
▼ + stars: | 2024-05-03 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Stocks are in a "late secular bull market," BofA's Michael Hartnett said in a Friday research note. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe bull market that's pushed stock prices higher for the past year and a half will probably end in tears, Bank of America's Michael Hartnett warned. Equities are in a "late secular bull market" that likely "ends with [a] bubble and/or recession," the bank's chief investment strategist wrote in a Friday research note seen by Business Insider. Hartnett's bearish stance clashes with the view held by BofA's head of US equity and quantitative strategy, Savita Subramanian, who has predicted that stocks' bull market will last.

Persons: BofA's Michael Hartnett, —, of America's Michael Hartnett, Hartnett's, Hartnett, Marko Kolanovic, BofA's, Savita Subramanian, stagflation Organizations: Service, of America's, Business, JPMorgan

☆ The era of the Magnificent 7 is over, says the analyst who invented the term
▼ + stars: | 2024-02-24 | by ( Aruni Soni | ) www.businessinsider.com time to read: +5 min

It was a good run, but the era of the Magnificent Seven is over for the stock market. "I don't see these seven names rising together," said the analyst who coined the nickname for the group. AdvertisementThe Magnificent Seven are looking a little less magnificent, and aren't really even a band of seven anymore. In a note titled "R.I.P the Magnificent Seven Era," Mike O'Rourke, chief market strategist from Jones Trading, said the group's dominance over the stock market is coming to a close. Back in April 2023, when O'Rourke invented the moniker (although some say it was BofA's Michael Hartnett who coined the term), the Magnificent Seven contributed to a stunning 88% of year-to-date gains.

Persons: —, aren't, Mike O'Rourke, O'Rourke, BofA's Michael Hartnett, Michael Hartnett, That's, it's, " O'Rourke, Tesla, Dan Niles, Satori, Niles Organizations: Service, Jones, Apple, Nvidia, Tesla, Microsoft, Meta, Companies, Satori Fund, Google, CNBC Locations: China

☆ The S&P 500 could fall another 5% and test a critical support level that has previously marked the bottom, Bank of America says
▼ + stars: | 2023-10-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The S&P 500 could fall another 5% to test a critical support level, according to Bank of America. AdvertisementAdvertisementThe S&P 500's 10% decline since the end of July is putting the index within striking distance of a critical technical support level, according to Bank of America. The 200-week moving average measures the average price of the S&P 500 over the past four years, and it's been consistently rising ever since 2012. The S&P 500 has had a tendency to test this line during periods of market stress over the past decade. Meanwhile, the S&P 500 recently broke below a shorter-term technical support level: the 4,180 to 4,195 range, according to Fairlead Strategies' Katie Stockton.

Persons: BofA's Michael Hartnett, —, Michael Hartnett, it's, Hartnett, Katie Stockton Organizations: Bank of America, Service, Bank of America . Investment

☆ Why ChatGPT could spark a new bull market
▼ + stars: | 2023-05-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here, still poking around OpenAI's new ChatGPT iPhone app. The rise of ChatGPT and subsequent AI boom could solidify the recent strength in stocks as a new bull market, according to market veteran Ed Yardeni. In a recent note, the strategist said equities' strong start to the year isn't just a bear market rally, but that it indeed marks a new bull regime. If the Fed mistakenly pauses and then resumes hiking as inflation persists, the music could stop for high flying AI stocks. Mega-cap tech stocks are "overbought" and their rally could stall out soon.

☆ Russia’s battered wartime economy is still chugging along as it taps its wealth fund, raises taxes, and ramps up imports
▼ + stars: | 2023-05-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Shares of First Republic dropped more than 40% in pre-market trading today, while JPMorgan stock ticked 2.9% higher. Let's check in on Russia's wartime economy. To the surprise of many forecasters, Russia's economy has held up better than expected as it carries on into the second year of its war on Ukraine. And leaked documents, first reported by the Washington Post, suggest that Russia can fund its war for at least another year. Specifically, US intelligence says Moscow can rely on its sovereign wealth fund to help pay for its war efforts, as well as higher corporate taxes and ramped-up imports.

☆ A credit crunch could worsen the bank turmoil and commercial real estate could be next domino to fall
▼ + stars: | 2023-03-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Odds are, commercial real estate is the next shoe to drop for the banking sector after this month's unrest. "Commercial real estate [is] widely seen as next shoe to drop as lending standards for CRE loans to tighten further," BofA's Michael Hartnett said. Regional banks have enormous exposure to commercial real estate loans. But this time around, it is commercial rather than residential real estate that may be in trouble. Are you worried about the impact of commercial real estate on the banking sector and the economy?

☆ The stock market is about to be flipped upside down as inflation rebounds ahead of an upcoming recession, Bank of America says
▼ + stars: | 2023-01-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is about to be flipped upside down as inflation rebounds ahead of an upcoming recession, according to Bank of America. "Investment conclusion is super-trend of inflation assets over deflation assets remains in its infancy," he said. In other words, investors should own the new leadership assets like commodities and non-US stocks, according to BofA. The mega-cap tech trade that has dominated markets since the Great Recession will underperform in the years ahead, Hartnett warned. Investors should also own small-cap stocks over their large-cap peers, and value stocks over growth stocks, according to the note.

☆ A US recession is coming - here are 5 reasons why
▼ + stars: | 2022-12-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Bank of America's strategists said the US could fall into a recession over the next 10 to 12 weeks. Bank stocks have tumbled in recent days. Frankly, a broad recession won't be a surprise to anyone at this point (especially Opening Bell readers). In other news:Whether or not the US is in a recession is a politically charged debate. These nine funds offer strong positioning through a recession and into the next bull market, in Bank of America's view.

☆ Here's when to buy stocks as Wall Street warnings suggest a recession is imminent, according to Bank of America
▼ + stars: | 2022-11-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Signs are growing that an economic recession is imminent, according to Bank of America. BofA recommends investors focus on bond investing in the first half of 2023 and shift to stocks in the second half of next year. Instead, investors should focus on buying bonds between now and the first half of 2023, and shift to stocks in the second half of 2023, according to the note. "Rates shock so damaging to Wall Street asset values in 2022, but there's been no rates shock on Main Street," BofA's Michael Hartnett said. "There's your credible big bull trade; we say bonds first half of 2023, stocks second half of 2023," Hartnett said.

☆ A pivot on the Fed's balance sheet reduction plans could be a bullish driver of stocks next year. Here's what to know.
▼ + stars: | 2022-10-24 | by ( Max Adams | ) www.businessinsider.com time to read: +5 min

No, not quantitative tightening, but rather quantitative tinkering. Don't forget about the Fed's massive balance sheet. changing the pace or even pausing balance sheet reduction) would also be a bullish development. When does the Fed pivot from its rate hike and balance sheet reduction plans? Here's where stock market investors want to be as signs of a powerful rally start to form.

☆ Bonds are in the midst of the worst crash since 1949, and its set to unravel some of the market's most crowded trades, Bank of America says
▼ + stars: | 2022-09-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The worst bond market decline since 1949 is set to disrupt the stock market, according to Bank of America. The bank said soaring interest rates will unwind the most crowded trades in the stock market, including long US tech. "Bond crash in recent weeks means highs in credit spreads, lows in stocks are not yet in," BofA said. Bonds are experiencing their worst decline since 1949 as interest rates soar amid a global central bank campaign to fight inflation. "Bond crash in recent weeks means highs in credit spreads, lows in stocks are not yet in," BofA's Michael Hartnett said.

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