Bank of America strategists said investors are pouring into money market funds on the largest scale due to heightened concerns about the economic slowdown. They expect the stock market and credit market to decline over the next few months. “Credit and stock markets are too greedy for interest rate cuts and are not afraid of recession enough,” Michael Hartnett's team wrote in a report on Thursday. The strategist, who has been correctly bearish last year, said that investment-grade spreads and stocks will be impacted over the next three to six months.
美银策略师:资金大举流入货币市场基金,股市料进一步下跌
Bank of America strategist: Capital flows into money market funds in large numbers, and the stock market is expected to fall further
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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