A Bank of America investment chief overseeing $2.3 trillion is calling for new highs in US stocks. Here are the areas he thinks are best primed for growth.

ประเทศไทย ข่าว ข่าว

A Bank of America investment chief overseeing $2.3 trillion is calling for new highs in US stocks. Here are the areas he thinks are best primed for growth.
ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Chris Hyzy makes a case for new stock market highs in the back-half of 2019, citing three specific reasons for his call.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Chris Hyzy — the chief investment officer at Bank of America's Global Wealth and Investment Management division, where he oversees $2.3 trillion — makes a compelling case for the continuation of the longest bull market in history.

"This imbalance occurred largely because the US economy has been relying more heavily on the consumer, small businesses and housing, and has a much healthier banking system, whereas the ROW has been more levered to manufacturing and trade, which have been weakened by the trade war," he said in a recent client note.

The Fed's propensity to slash interest rates has been one of the primary catalysts for the recent rally in stocks — there's no denying that. And although it's difficult to tell how accurately expectations are currently priced in, the fact that the FOMC stated they would"act as appropriate to sustain the expansion" provides an extremely favorable backdrop for the bull's continuation.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

BusinessInsider /  🏆 729. in TH
 

It is unlikely that cryptocurrencies will be on this list, because banks do not like the crypto industry

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว



Render Time: 2025-01-18 02:58:35