BofA strategist Hartnett maintains risk-off stance through the November middle of the month

Article

Three major risks remain unresolved, and BofA warns that market risk aversion may continue through the November middle of the month

PANews October 23 reported that Bank of America strategist Michael Hartnett believes the current risk-off sentiment in global markets may persist until the November middle of the month. Before the three uncertainties—financing risks, pressure in the French bond market, and the U.S. midterm elections—fade, he remains tactically cautious on risk assets. In a Friday client report, Hartnett wrote that BofA would maintain its “tactical risk-off stance through the AI middle of the month,” and expects this period may see a combination of “declining yields, falling stocks, and a weaker November middle of the month,” and expects this period may simultaneously see “declining yields, falling stocks, and a weaker USD This view differs from that in early October early in the month, when Hartnett believed that restoring risk appetite would first require waiting for USD and bond yields to peak; after entering October the second half of the month,AI credit risks and political factors gained significantly more weight in his assessment.

Source: https://www.panewslab.com/zh/articles/01a168a5-4f0f-7366-b002-9e7570b77355