(Bloomberg) — Bitcoin’s movements in relation to other assets may indicate that investors see it becoming a haven again, after a stretch where it’s traded basically as a risk asset, according to...
Tag: BofA
‘Fragile’ Treasury market is at risk of ‘large scale forced selling’ or surprise that leads to breakdown, BofA says
The world’s deepest and most liquid fixed-income market is in big, big trouble. For months, traders, academics, and other analysts have fretted that the $23.7 trillion Treasurys market might be the so...
BofA Survey ‘Screams’ Capitulation With Rally Set for Early 2023
(Bloomberg) — The sentiment on stocks and global growth among fund managers surveyed by Bank of America Corp. shows full capitulation, opening the way to an equities rally in 2023. Most Read fro...
BofA warns that hot inflation might run rampant for another 10 years — here’s the 1 shockproof sector that could preserve your wealth under that worst-case scenario
BofA warns that hot inflation might run rampant for another 10 years — here’s the 1 shockproof sector that could preserve your wealth under that worst-case scenario Despite the U.S. Federal Reserve’s ...
The past two decades of low inflation and near-zero interest rates were an ‘aberration,’ BofA says. Get ready for an economic ‘regime change’
Inflation and higher interest rates may be here to stay as a new paradigm has emerged for the global economy. At least that’s what Bank of America’s team of investment strategists argued this week. An...
BofA Strategists See More Pain in Store Before Stocks Reach Low
(Bloomberg) — Stock markets and the US economy will have to experience more pain before the Federal Reserve pivots away from its aggressive policy tightening, according to Bank of America Corp. ...
BofA warns that the US economy will start to lose 175,000 jobs per month during Q1 of 2023, expects a ‘harder landing’ rather than a softer one — here’s why
BofA warns that the US economy will start to lose 175,000 jobs per month during Q1 of 2023, expects a ‘harder landing’ rather than a softer one — here’s why The latest jobs report shows that the U.S. ...
Investors Fleeing to Cash Like It’s 2020, BofA Strategists Say
(Bloomberg) — Investors poured the most money into cash since April 2020 on fears of a looming recession, but stocks could see further declines as they don’t fully reflect that risk, say Bank of...
US Stock Rally Is Sending a Bullish Signal, BofA Strategist Says
(Bloomberg) — The two-day rally in US stocks that was halted on Wednesday has triggered a bullish signal that could lift the S&P 500 by at least 3% from its last close over the coming weeks,...
2022 is exposing ‘freaky post-QE financial system plumbing,’ BofA says
The third quarter is a officially a wrap, and the stock market saw the Dow (^DJI) post its worst September performance in two decades — down nearly 2800 points, or 8.9% for the month — while the S&...
BofA Strategists See Wall Street Rout Forcing Asset Sales
(Bloomberg) — Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America Corp. strategists. Most Read from Bloomberg The NYSE Composite Index...
A historic global bond-market crash threatens the liquidation of world’s most crowded trades, says BofA
Global government-bond markets are stuck in what BofA Securities strategists are calling one of their greatest bear markets ever — which, in turn, is threatening the ease with which investors will be ...
BofA Says Cash Is King as Investor Pessimism Hits 2008-Era High
(Bloomberg) — Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. s...
Warren Buffett recommends low-cost index funds for most people — but BofA says the S&P 500 is the ‘worst thing to hold’ right now. Buy these 4 top sectors to avoid confusion
Warren Buffett recommends low-cost index funds for most people — but BofA says the S&P 500 is the ‘worst thing to hold’ right now. Buy these 4 top sectors to avoid confusion Warren Buffett likes i...
BofA predicts breakout in mergers due to downcycle
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the ec...
BofA upgrades SoFi citing student loan payments, NFL partnerships
Analysts at Bank of America have turned bullish on shares of SoFi (SOFI). The bank on Wednesday upgraded shares of the company to Buy from Neutral, boosting their price target to $9 per share from $8 ...
BofA Says ‘Appalling’ Mood Fuels $11 Billion US Stocks Exodus
(Bloomberg) — Investors are rushing out of US equities as the likelihood of an economic downturn increases amid a myriad of risks, according to Bank of America Corp. strategists. Most Read from ...
BofA Says Small Caps Cheaper Than Since the Dot-Com Bubble
(Bloomberg) — August’s broad equity selloff has left valuations for beaten down small-cap shares at the cheapest level compared to their larger counterparts in nearly two decades, according to B...
Semiconductor Stocks: ON Stock Among BofA Picks
Wall Street firm BofA Securities on Friday identified seven semiconductor stocks that it believes can withstand the current market downturn, including ON Semiconductor (ON). ON stock jumped on Friday....
2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communities — here’s what we know about the program
2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communities — here’s what we know about the program A major American bank has launch...
The 60/40 strategy is on pace for its worst year since 1936: BofA
The recent synchronized selloff in stocks and bonds has crushed one of the most popular strategies for long-term investors: the 60/40 portfolio. According to data from strategists at Bank of America G...
2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communities
2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for minority communities A major American bank has launched a new program to help first-time minority b...
BofA Says Ether May Still be Losing Momentum Until Merge Is Completed
On Friday, August 26, Bank of America in a note, stated that the rise in Ether’s price from mid-July to mid-August will continue to diminish as users will better understand the implications of the Mer...
BofA Says Investors Wary of Fed Pull Money From Stocks and Bonds
(Bloomberg) — Investors are rushing out of stocks and bonds alike as they worry about the economic risks from the Federal Reserve pressing on with rate hikes, according to Bank of America Corp. ...
BofA downgrades three homebuilders as housing downturn accelerates
Analysts from Bank of America cutting their rating on shares of three homebuilders in a note out Thursday as the housing market faces an economic slowdown. Rafe Jadrosich at Bank of America Global Res...
BofA Says Cash Flooding Into Stocks, Bonds
(Bloomberg) — Investors continued piling into stocks and bonds, dismissing the risk of a more aggressive Federal Reserve as they expect it to ease the pace of rate hikes while inflation pulls ba...
BofA Quants Say a Winning Stock Signal Is Bad Omen for Bulls
(Bloomberg) — Bank of America Corp.’s quant analysts say a US stock market indicator with a perfect track record has bad news for bulls: Equity prices haven’t bottomed out yet. The measure looks...
Have stocks bottomed? Not until this ‘gorilla’ in equity markets budges, warns BofA
Households, not hedge funds or major corporations, represent the biggest class of owners of the U.S. stock market. That matters because households, the “placid gorilla” in U.S. stocks, haven’t cut and...
BofA Says Take Profit on ‘Bear Rally’ as Stock Outflows Resume
(Bloomberg) — Investors have resumed shunning global stocks in favor of bonds, according to Bank of America Corp. strategists, who say the time is right to step back from US equities after the s...
BofA CEO says the strong American consumer is one of the Fed’s biggest obstacles
The American consumer is still strong despite roaring inflation, and that will pose a challenge to the Federal Reserve’s mission to tamp down inflation, Bank of America CEO Brian Moynihan told C...
The Fed will cut rates next year, says BofA. Here’s what will happen to Treasurys.
All eyes will be on the Federal Reserve on Wednesday. The central bank is widely expected to continue the fast pace of monetary tightening with another 75 basis-point hike in borrowing costs. But even...
The ‘good news’ about Walmart and Target inventory warnings, according to BofA
Walmart (WMT), the world’s biggest retailer, gave a snapshot on Monday of how inflation is pressuring consumers’ ability to spend on discretionary items. But there could be relief ahead as retai...