Stock market outlook: rates to re-emerge as threat to stocks, BofA says

However, in a note to clients on Tuesday, Bank of America analysts warn:"US rates climbing close to last year's highs may pose an underpriced risk for the equity market."

"Higher yields were a major driver of S&P downside in 2022, but the market's sensitivity to rates seemed to weaken this year. At least until recently," they added, noting that the correlation between the benchmark index andThe Fed has tightened by 525 basis points over the past 17 months in a bid to clamp down on inflation.

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.

Nvidia stock still 'top pick' at Bank of America ahead of Q2 earningsBank of America's Vivek Arya reiterates 'Buy' rating and $550 price target for Nvidia, expecting potential upside of 22% from current levels despite its impressive year-to-date stock rally.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dish bonds rally with stock after all-stock merger with EchoStarBillionaire Charlie Ergen's decision to combine his two telecom companies, Dish Network Corp. and EchoStar Corp., in an all-stock deal sent their shares higher on Tuesday. The news also sparked a rally in the company's bonds.
Source: MarketWatch - 🏆 3. / 97 Read more »

Buy cheap call options on these earnings surprise candidates, says Bank of AmericaWatch these Russell 1000 stocks for an earnings surprise move after quarterly results, according to Bank of America.
Source: CNBC - 🏆 12. / 72 Read more »