Michael Hartnett of Bank of America believes that if the US economy continues to cool down, there is a risk that the rise of large technology stocks in the US will further recede. This strategist is bullish about the prospect of bonds in the second half of 2024, and has said that signs of a slowdown in the economy will drive funds to rotate into stocks that have lagged behind high stock prices of large technology stocks this year. In a report on Friday, Hartnett said recent data showed that the global economy was already "sick", and that there was only a bad non-farm payrolls report away from losing the dominant position of large technology stocks.
美国银行称经济降温将进一步削弱大型科技股涨势
Bank of America said that the economic downturn will further weaken the bullish momentum of large technology stocks.
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