Michael Hartnett publishes Bank of America’s buys and sells of May
Updated
Updated · MarketWatch · May 1
Michael Hartnett publishes Bank of America’s buys and sells of May
12 articles · Updated · MarketWatch · May 1
He flags semiconductors, oil, Taiwan, tech and AI as overbought, while China tech, defence, healthcare and long Treasuries look oversold and poised for reversal.
Hartnett says a cyclical US upswing could lift China, Europe, equal-weighted S&P 500 and materials more than Japan, Korea and emerging markets excluding China.
He says the key risk is whether 30-year Treasury yields stay below 5%; a break higher could turn a boom loop into a doom loop, echoing past market shocks.
Can China's oversold tech sector become a safe haven as the US market faces a potential cyclical downturn?
With US Treasury yields at a critical tipping point, is the economy's 'boom loop' about to become a 'doom loop'?
As geopolitical conflict reshapes markets, should investors sell booming AI stocks for undervalued global defense contractors?