Bank of America warns of major sell-off in stock market

Former White House Economic Adviser Steve Moore joined The National Desk’s Jan Jeffcoat to break it down.

“If I knew what was going to happen to the stock market, I'd be a very rich person. I will say this, that there have been a lot of false predictions of doom on the economy over the last year,” he said. “Remember, at the end of last year, almost all these big Wall Street investment firms were saying that we were going to have a recession and we didn't have a recession. There has been a lot of talk about stock sell-offs.

Michael Hartnett, the chief investment strategist at Bank of America warned that the stock market could spiral downward saying, “We are not convinced we’re at the start of brand, new shiny bull market. Still feels more like a combo of 2000 or 2008, big rally before big collapse.”“2022 was a lousy year for stocks. The stocks lost 15 to 20% of their value. But this year has been a strong year so far. So I can't really answer your question about whether the stock market has ended.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America.BankofAmerica says an excessive focus on regulatory headwinds, spot bitcoin ETF approval in the U.S. and illicit activity is overshadowing the development of blockchain technology. willcanny99 reports.
Source: CoinDesk - 🏆 291. / 63 Read more »

Ice cream company wants to find America’s ‘softest dad’An ice cream company is celebrating dads who can show their softer side just in time for Father’s Day as it releases a new soft-serve ice cream.
Source: wsfa12news - 🏆 338. / 59 Read more »