U.S. Adds 428 Thousand Jobs in April, Unemployment Rate Steady at 3.6%
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- Wall Street closes lower as oil prices jump, indexes notch monthly gains
- The Warsh pivot markets didn't expect
- Oil settles up by more than 2.5% as US and Iran resume military attacks
- Energy stocks rally as fresh U.S.-Iran attacks drive oil prices higher
- BofA turns S&P 500 signals from red to yellow: What to buy now
'Paralysis Rather Than Panic Best Describes Investor Positioning YTD' - BofA
May 6, 2022 8:57 AM EDTThe 4-week average of flows to stocks has turned the most negative since May 2020, according to Bank of America Chief Investment Strategist Michale Hartnett.
In the week to Wednesday, outflows from stocks and bonds were $3.4 billion and $9.1 billion, respectively.
Flows were risk-off heading into FOMCbig inflow to Treasuries ($6.0bn), big outflow from TIPS... More
