Reported about 9 hours ago
Bank of America strategist Michael Hartnett indicates that the recent dip in US stocks is likely to prompt interventions from President Trump and the Federal Reserve. He suggests that a purchase of the S&P 500 Index at a lower level could signal the end of the selloff, despite recent outflows from global stock funds. The current market correction, rather than a bear market, reflects concerns about potential recession driven by trade policies. Furthermore, Hartnett expresses a preference for international over US equities amid economic uncertainties.
Source: YAHOO