Bank of America: The market has not yet broken through key levels, investors still prefer stocks

The turmoil in the global financial markets has not reached a level that worries about an economic hard landing, and investors still prefer stocks. Despite a drop of about 6% in the S&P 500 Index, it still remains above the 200-day moving average. Strategists at Bank of America in the United States stated that investors' preference for stocks has not ended due to the market's sharp decline. Investors should pay attention to the 200-day moving average of the Philadelphia Semiconductor Index and exchange-traded funds of large technology stocks. It is expected that the stock market may slide again by 10%, and investors should sell stocks when the Federal Reserve cuts interest rates for the first time. In addition, government bonds, real estate investment trusts, small-cap stocks, and emerging markets such as Brazil are investment opportunities