Any multiyear rally in U.S. stocks may depend on a signal that the bond market has yet to send, according to Michael Hartnett, Bank of America Corp.’s chief global equity strategist.
Like the band Spinal Tap in the 1984 mockumentary, most of the world’s central banks have cranked up policy all the way to 11 in recent years.
Investors should sell U.S Treasuries and buy bank stocks because bonds may be headed for a “crash,” according to Bank of America Corp.
Slowing inflation is giving central bankers scope to provide the world economy with more liquidity and lower interest rates for longer, all in the name of price stability.
Kim Choong Soo is seeing ghosts, and that should scare you.
U.S. stocks advanced, rebounding from yesterday’s decline, amid speculation the Federal Reserve will take steps to stimulate the economy and after the European Central Bank endorsed a plan to guarantee bank deposits.
"Both the supply of and demand for residential mortgages in the U.S. remains very weak."
- Michael Hartnett on Oct 23, 2014