Why BofA says more trade deals can’t keep the stock market rally alive
From Yahoo Finance: 2025-05-09 20:13:00
Bank of America’s Michael Hartnett warns stock rally could fade as investors buy into trade optimism. Market bounce suggests lower tariffs and more deals anticipated, leaving little room for further gains. Analysts caution against overexposure to US exceptionalism amid global trade tensions. Hartnett favors international equities, bonds, and gold over US shares. Stay invested in five-year Treasurys for now.
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