Bank of America: "Golden-haired Girl" trend is forming, bringing bright prospects to cyclical investors
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Bank of America stated that the decline in inflation and economic slowdown have created a favorable investment environment for interest rate-sensitive cyclical stocks. The bank predicts that inflation will approach the Federal Reserve's 2% target, and expects the Fed to start a significant rate cut in September. In addition, corporate profits are expanding, and economic growth will be supported by the Fed. These factors will drive stocks in non-essential consumer goods, materials, and financial industries to rise
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