
BofA’s Hartnett Warns Investors Risk Sleepwalking Into Selloff
The US stock rally has already gone too far, and investors face brutal declines if economic growth crumbles in the second half of the year, Bank of America Corp. strategists say.
The US stock rally has already gone too far, and investors face brutal declines if economic growth crumbles in the second half of the year, Bank of America Corp. strategists say.
President Volodymyr Zelenskiy met in Kyiv with top European Union officials, focusing on Ukraine’s potentially years-long effort to join the bloc. The Czech Republic’s incoming president said the only limit to weapons deliveries should be nuclear arms, signaling support for sending fighter jets.
India’s central bank on Friday said the country’s banking sector was “resilient and stable” as it stepped in to assuage investors rattled about lenders’ exposure to the embattled Adani Group.
Brazil’s swap rates rose further after President Luiz Inacio Lula da Silva bolstered criticism of the central bank, saying high interest rates are ruining the economy while failing to control inflation.
The Bank of England’s top two policy makers signaled that the most aggressive tightening cycle in three decades may be nearing an end.
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