A stock-market ‘sell’ signal has been silenced — but these Bank of America strategists say it’s too early to buy
Summary
Recent market corrections have helped bond markets and rate-sensitive stocks recover. However, strategists at Bank of America advise investors to maintain a defensive stance. They suggest waiting until the upcoming midterm elections and Federal Reserve meeting pass before taking on new risks.
Even though October’s correction has brought about some relief for bond markets and revivified the rate sensitive sectors of the stock market, Bank of America’s strategists recommend staying risk-off until after the midterms and the next Fed meeting.
Source: Read the full story at MarketWatch.com - Top Stories
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