Bank of America: The Federal Reserve's hawkish stance shakes the confidence of U.S. stock bulls, leading to unstable market sentiment
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Bank of America strategist Michael Hartnett pointed out that the Federal Reserve's hawkish stance and investors' extreme bullish sentiment have led to unstable market risk appetite. The S&P 500 index is expected to experience its worst week in three months. Despite the strong performance of the U.S. stock market driven by economic resilience and the AI boom, the Federal Reserve's hawkish interest rate cuts have raised doubts about the sustainability of the stock market rebound. Global equity funds attracted nearly $69 billion in inflows within a week
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