Reported 2 days ago
Bank of America emphasizes that major stocks, dubbed the 'Magnificent Seven', need to maintain their gains to prevent a 'stealth correction' in the market, especially as investor sentiment has turned cautious following the Fed's hawkish stance for 2025. Without these leading stocks, the S&P 500's performance would notably decline, and analysts suggest monitoring bank stocks closely in the upcoming weeks to avoid getting caught in a 'bull trap'.
Source: YAHOO