Bank of America: Still maintaining a risk-averse stance towards U.S. stocks
2026-11-06 21:10:25
According to CoinMeta, Bank of America stated that although U.S. stocks showed signs of stabilization on Friday, investors remain skeptical about whether the market has passed its worst phase due to the heavy losses experienced by stocks related to artificial intelligence. Before the significant reversal in the market this week, a large amount of capital flowed into the stock market, with equity funds attracting a total of $92.3 billion in inflows, the largest since June. Bank of America strategist Michael Hartnett and his team continue to maintain a cautious stance, indicating that they will not become more optimistic about the financial environment until the Federal Reserve stops raising interest rates, the yield on U.S. 10-year Treasury bonds falls below 4.5%, and oil prices drop below $80 per barrel.
Bullish 0
Bearish 0
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.