Subscribe

BofA strategist sees year-end equities rally, risk of recession

Wall Street bear Michael Hartnett says technical barriers should not block S&P 500 rally.

Technical factors no longer stand in the way of a year-end rally in the S&P 500 index, according to Bank of America Corp.’s Michael Hartnett.

The bank’s in-house sentiment gauge, the Bull & Bear Indicator, is flashing a contrarian buy signal for a third straight week amid poor equity

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Banking giant hoping for “global resolution” to drug-money probes

The financial titan’s CEO urges employees to “hold heads high” as it faces anti-money-laundering actions from multiple regulators.

Cracks are showing in private credit, says Moody’s

The ratings agency sees a potential reckoning as “realities of higher interest rates” erode credit quality and create performance challenges.

S&P 500 sees best three-day rally since November

Hopes of Fed rate cuts boosted equities again Monday.

High-tech market makers push deeper into fixed income

Firms such as Citadel, Jane Street aim to disrupt Wall Street domination.

Wealth management unit helps propel UBS back to profit

Net income smashed analysts’ expectations for first quarter.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print