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The Fed delivered a best-case scenario for stocks: BofA

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The Fed delivered a best-case scenario for stocks: BofA

Investing.com -- U.S. stocks saw their third-largest inflow of 2024, with $33.8 billion moving into the asset class last week, Bank of America said in a report Friday.

Emerging markets continued their positive streak with $1.3 billion, extending their run to 16 weeks of inflows. On the other hand, European equities registered their fourth consecutive week of outflows at $0.8 billion. Should the Fed manage to successfully orchestrate a “soft landing” for the U.S. economy, BofA sees international stocks and commodities as “best plays.”

 

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