BofA’s Subramanian Sees S&P 500 Hitting Record 5,000 Next Year

November 21st, 2023|

Farah Elbahrawy Bloomberg November 21, 2023 Earnings are solid as companies overcome rates, macroeconomics ‘US exceptionalism is intact,’ bank’s strategists say The S&P 500 is set for a fresh high in 2024 because US companies have adapted to higher rates and weathered macroeconomic jolts, according to Bank of America Corp. strategists who join a growing

US Inflation Expectations Fall to Lowest Levels in Over Two Years

November 20th, 2023|

Augusta Saraiva Bloomberg September 15, 2023 US inflation expectations fell in early September to the lowest levels in more than two years as consumers grew more optimistic about the economic outlook. Consumers expect prices will climb at an annual rate of 3.1% over the next year, down from the 3.5% expected in August, according to the preliminary

Retail Sales Gains Can Extend as High-Earners Spend

November 13th, 2023|

Lindsay Dutch Bloomberg Intelligence November 13, 2023  The higher-income consumer is healthy, a positive sign for retail sales in 4Q and 2024, though rising credit-card balances, student-loan repayments and lower savings are hurdles. A shift away from dining out or travel could create opportunity in other discretionary categories, like apparel and electronics -- a boon

Bank of America says there are two things that will drive the next bull run in stocks

November 8th, 2023|

Brian Evans Bloomberg November 8, 2023 Artificial intelligence’s influence on increased productivity and a strong consumer could underpin the next bull run on Wall Street, according to Bank of America. Savita Subramanian, head of U.S. equity and quantitative strategy, said Wednesday that AI advancements will streamline worker productivity and drive future growth for stocks outside

BofA Warns ‘Fear Just as Costly as Greed,’ Says Buy US Stocks

November 3rd, 2023|

Alexandra Semenova and Farah Elbahrawy Bloomberg November 3, 2023 Two of Bank of America Corp.’s leading markets strategists struck a rare agreeable tone on Friday, each prophesying gains ahead for equities — at least in the near term. Chief investment strategist Michael Hartnett broke from his usual bearish view to say technicals no longer stand in the way of a

Powell Hints Fed Is Done With Hikes in Pivot Cheered by Markets

November 1st, 2023|

Steve Matthews and Craig Torres Bloomberg November 1, 2023 Question now is ‘Should we hike more?’ Fed chief says Powell downplays previous projections for more tightening Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for

Yellen Says Yield Surge Is Due to Strong Economy, Not Deficits

October 26th, 2023|

Viktoria Dendrinou, Christopher Condon, and Margaret Collins Bloomberg October 26, 2023 Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit. “I don’t think much of that is connected” to the US budget deficit, Yellen

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