BofA Issues Sell Signal on U.S. Stocks and Dollar Rebound - Wall Street Pit
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BofA Issues Sell Signal on U.S. Stocks and Dollar Rebound - Wall Street Pit
Bank of America (BAC) strategists recommend selling into U.S. stocks and dollar rallies, citing a 19% S&P 500 drop from its February peak and a 6.3% decline in Bloomberg’s dollar index as evidence of unsustainable conditions. The dollar’s depreciation, described as the “cleanest investment theme,” will continue until the Federal…
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