Strategists at BofA Global Research see second-half “trouble” for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday.
BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years. More broadly, investors fled equities in the week to Wednesday but continued putting their cash into bonds as yields surged, BofA said, citing EPFR data.The U.S. Treasury market, where borrowing costs have shot up the most this month delivering losses to investors, saw its 28th week of consecutive inflows, BofA said, the longest streak since 2010.
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BofA sees 'trouble' ahead for tech stocks despite big inflowsStrategists at BofA Global Research see second-half 'trouble' for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday. The tech-heavy Nasdaq Composite has gained 28% this year, fueled by megacap stocks and excitement over the business potential of artificial intelligence. BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
AI Won’t Save Tech Stocks From Trouble, BofA’s Hartnett SaysTechnology stocks are in trouble, with the buzz around artificial intelligence set to be overshadowed by the effects of higher-for-longer interest rates, according to Bank of America Corp. strategists.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Nasdaq rises as Nvidia sparks tech rally: Stock market news todayThe Nasdaq popped after Nvidia's earnings smashed Wall Street's expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Nasdaq futures rally 1% as Nvidia's blowout results lift AI stocks(Reuters) - Futures tracking the Nasdaq 100 index jumped in the early hours of Thursday after record results from Nvidia, the world's most valuable ...
Source: SaltWire Network - 🏆 45. / 63 Read more »