[Global Chart]US Corporate Bond Rally—Investment-Grade Spread Hits 27-Year Low
US investment-grade corporate bond spreads have fallen to their lowest level since 1998, as expectations for a Federal Reserve rate cut drive a sustained rally in the market.
BofA Says Era of US Large-Cap Dominance Nears Its End
Bank of America warns that the dominance of US large-cap stocks is waning, with mid- and small-caps poised to outperform if the Fed cuts rates, marking a shift from recent market trends.
Bank of America warns that U.S. stock valuations, driven by AI optimism, have surpassed dot-com bubble levels, raising concerns of a potential market correction despite continued earnings outperformance by AI-related firms.
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BofA Says Fund Managers’ Bullish Sentiment on Equities Hits Six-Month High
Bank of America’s latest survey shows global fund managers’ bullish sentiment on equities has climbed to a six-month high, driven by easing U.S. recession fears and renewed interest in major tech stocks.
BofA Expects Strong Upward Pressure on European Defense Stocks
Bank of America projects strong upward momentum for European defense stocks as ESG funds and long-only investors shift strategies amid rising geopolitical tensions and increased defense budgets.
Bank of America forecasts that $7 trillion in sideline cash could flood into US equities if the Federal Reserve resumes rate cuts, as weakening job data boosts expectations for a September policy shift.
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BofA Says $7 Trillion in Sideline Cash Poised to Flow Into US Stocks If Fed Cuts Rates
Bank of America forecasts that $7 trillion in sideline cash could flood into US equities if the Federal Reserve resumes rate cuts, as weakening job data boosts expectations for a September policy shift.
BofA Raises Price Target for Rare Earth Miner MP Materials
Bank of America nearly doubles its price target for MP Materials to $78, citing strengthened ties with the U.S. Department of Defense and robust earnings outlook.
Morgan Stanley, BofA Maintain Rate Hold Outlook for 2024 Despite US Jobs Shock
Morgan Stanley and Bank of America maintain their outlook for no Fed rate cuts in 2024, despite a weaker-than-expected US July jobs report and rising market expectations for a September cut.
BofA Raises Boeing Price Target to $270 on Strong Q2 Results
Bank of America raised its price target for Boeing to $270 after the company posted strong Q2 results, with revenue and aircraft deliveries exceeding expectations.
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