BOFA Warns of Market Risk-Off Period Over Next 3–4 Weeks
Photo: Coinpedia
Bank of America strategist Michael Hartnett expects investors to reduce risk over the next three to four weeks, citing 3% real yields, persistent inflation, AI valuation concerns and uncertainty surrounding the U.S. midterm elections. Hartnett also expects the Federal Reserve to raise interest rates in October, despite markets increasingly pricing in a pause. He favors small-cap stocks, REITs and consumer discretionary stocks while avoiding further technology exposure. Higher yields and political uncertainty could pressure risk assets in the near term.
Source: Coinpedia
