Bank of America analysts bullish on U.S. equities, believe continued growth will support stock rally.

From Investing.com: 2024-08-19 12:00:05

Bank of America analysts are bullish on U.S. equities, believing that as long as economic growth remains stable, stocks can continue to rise. The market now pays more attention to growth data rather than inflation. The bank emphasized that stocks do not necessarily need aggressive rate cuts from the Fed, but rather a sign that growth will be supported. Bank of America predicts continued rotation into equities due to easing rate pressure, supported growth, and broadening earnings. Despite potential gains being capped around Nvidia’s earnings, the Fed is expected to cut rates twice this year to support sustained economic growth.



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