'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates

Source :: The Business Insider (Blogs on Demand). August 6, 2024
Publication Year :: 2024
Abstract: Bank of America's Michael Hartnett advises selling stocks at the first Federal Reserve rate cut. Hartnett's analysis of past rate-cutting cycles shows stocks fall during hard-landing cuts. Recession risks have [...]

Subjects :: United States. Federal Reserve Board
Bank of America Corp.
Banking industry -- Economic aspects
Stock markets -- Economic aspects
Stocks -- Economic aspects
United States economic conditions -- Economic aspects
Central banks -- Economic aspects
Stock market
Banking industry
Consumer news and advice
General interest

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