Bank of America warns that the rebound of the U.S. stock market is only temporary.

Last week, the three major U.S. stock indices experienced a volatile rebound, with the Dow Jones increasing by 2.48% in a week, the S&P 500 Index rising over 4.5%, and the Nasdaq gaining 6.73%. However, despite the rebound in the U.S. stock market, some institutions on Wall Street remain bearish about the outlook. Bank of America's chief investment strategist, Michael Hartnett, suggests that investors should Sell during the rebound of the U.S. stock market and the dollar until uncertainty is completely resolved. Hartnett and his team pointed out in their report, 'We will continue to Buy when Bonds and Gold are falling and Sell when the S&P 500 Index/dollar is rising this half of the year.' Hartnett added that the market's 'painful trades' indicate there will be more downward space in the future. The report noted that the dollar is in a long-term devaluation trend, and the trend of capital leaving U.S. assets will continue. This trend will last until the Federal Reserve begins to cut interest rates, the 'trade war' is completely over, and Consumer spending remains resilient. (Brokerage China)