BofA Warns June Profit-Taking May Hit Stocks as Inflation Pressures Build at Record Highs
Updated
Updated · Bloomberg · May 16
BofA Warns June Profit-Taking May Hit Stocks as Inflation Pressures Build at Record Highs
4 articles · Updated · Bloomberg · May 16
Early June could bring stock-market profit-taking, Bank of America strategists said, arguing equities are vulnerable after a run to fresh record highs.
Michael Hartnett’s team tied that risk to crowded positioning in stocks and rising inflation pressures that could unsettle investors.
Those price pressures are spreading across the US economy, including energy, transportation and rents, reinforcing the bank’s caution on near-term equity gains.
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