Bank of America Corp. strategists, led by Michael Hartnett, have advised investors to sell into rallies in U.S. stocks and the dollar, citing a lack of conditions for sustained gains. Hartnett emphasized a cautious approach, recommending selling U.S. stock rallies while buying the dip in other assets. The strategists suggest that despite intermittent rallies, the current market environment does not support prolonged upward momentum in U.S. equities and the dollar.
Sell U.S. stock rallies and buy the dip on everything else, BofA's Hartnett says https://t.co/EKVnBBzxYi
Bank of America Corp. strategists, led by Michael Hartnett, have advised investors to sell into rallies in US stocks and the dollar, warning that the necessary conditions for sustained gains are currently absent
Poll: BofA says the setup for sustained gains isn't there yet. Do you agree with the cautious stance?