Bullishness persists in what Bank of America calls a ‘bubble dream’

Download on the App Store

The Federal Reserve is slashing interest rates, oil is crashing, China is finally moving more determinedly to bolster growth and global stock markets are poised to reset their record high.

“It’s a bubble dream,” according to Bank of America equity strategist Michael Hartnett. His data had another $US10.9 billion ($15.8 billion) flowing into US equities in the week ended September 25.

Loading…

Source link

Visited 1 times, 1 visit(s) today

Leave a Reply

Your email address will not be published. Required fields are marked *