Associated Press
BofA is cautious on stocks due to potential policy missteps from Washington, D.C., a potential resurgence of COVID-19, and uncertainty surrounding the election, according to the note. In the short term, BofA is less bullish on stocks, and instead is "neutral to negative" due to potential policy missteps out of Washington, D.C., a potential resurgence of COVID-19, and uncertainty surrounding the upcoming presidential election.
In the event that a successful COVID-19 vaccine is developed and released, expect it to be "really bullish," but for other benchmarks than the S&P 500. "In a full COVID-19 recovery scenario, which would favor cyclicals, the S&P 500 could meaningfully lag other markets," BofA said.
Hope they go out of business for supporting BLM. No Lives Matter unless All Lives Matter.
Mr. Lykourezos?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's Black franchisees' quest for equality - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Media outlets lean either to the right or to the left in the US, but never has the US look so fragile and divided, why
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 things to know before the stock market opens WednesdayShares of Macy’s rose after the embattled retailer saw digital sales during the pandemic surge 53% in Q2. Here are 5 things to know before the stock market opens today: We thought they were going bankrupt so we used all our outstanding gift certificates
Source: CNBC - 🏆 12. / 72 Read more »
UK banks' attitude toward open banking is more positive than last year - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
These 74 stocks in the S&P 500 hit all-time records on WednesdayIt was a broad rally, one that wasn’t led by the information technology sector. There is Wall Street and, then, there is Main Street. Gueds which one is struggling mightily? LMT978 But but they say its only carried by few stocks dont they😬😬😬😬😬
Source: MarketWatch - 🏆 3. / 97 Read more »