BofA clients continue to buy US equities

US equities bullish momentum fades - Citi

Net positioning has gone from extended bullish in nearly all markets in early August to effectively neutral by mid-September, according to Citi analyst Chris Montagu.

In US equities specifically, the sell-off is characterized more by bullish momentum fading and investors reducing market exposure, Montagu told investors in a... More

Every 5th investor says US economy is headed for a hard landing - BofA survey

According to Bank of Americas global fund manager survey (FMS), investor sentiment regarding financial markets is no longer extremely bearish, as reflected by a 17-month high in global equity allocation.

However, it has not yet turned bullish, with the FMS cash level increasing to 4.9%. There has been... More

Citi: U.S. economy to face recession in 2024

Investing.com -- The U.S. economy will likely slip into a recession in 2024, according to analysts at Citi, citing the historical precedent set by prior eras of high inflation and tight jobs markets.

Recent economic data suggest that the Federal Reserve's recent run of interest rate hikes have helped to cool the pace of price gains in the world's largest economy back... More

Stay defensively positioned, JPM's Kolanovic warns again

JPMorgan Chase & Co.'s Marko Kolanovic has reiterated his bearish stance on the market once again, urging the banks clients to stay defensively positioned.

He also adjusted the bank's investment strategy in response to rising commodity prices and the potential threat of inflation. Along these lines, JPMs top quant reduced the allocation to government bonds from 3% to 2% and increased the cash allocation... More

'The Great Unwind' - Citi on Equity Markets Positioning

Citi analyst Chris Montagu: "Net positioning has gone from extended bullish in nearly all markets in early August to effectively neutral by mid-September. In particular in US equities, the sell-off is characterized more by bullish momentum fading and investors reducing market exposure. For Europe the latest flows have been... More