U.S. stocks and the U.S. dollar have stopped falling and rebounded, but Bank of America warns: investors should sell on rallies as the current conditions do not support sustained increases

Bank of America strategists warn investors to sell on rallies in the dollar and U.S. stocks, believing that the current conditions do not support sustained increases. Although U.S. stocks and the dollar have recently rebounded, strategists point out that the dollar is in a long-term depreciation process, and there is still room for capital to exit U.S. assets. The S&P 500 index can only break through key support and resistance levels under conditions of Federal Reserve rate cuts, a trade agreement between the U.S. and China, and strong consumer spending