Bank of America renowned strategist Hartnett: If Jackson Hole is dovish, US stocks may see a "buy the expectation, sell the fact" market
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Bank of America strategist Hartnett stated that if the Federal Reserve releases dovish signals at the Jackson Hole Economic Symposium, U.S. stocks may face a risk of correction. Investors are flocking to high-risk assets, betting on interest rate cuts by the Federal Reserve to support the job market. Hartnett warned that if Powell leans dovish, it could trigger a "buy the expectation, sell the fact" market. He is more optimistic about international stocks, believing that the risk of a stock market bubble is increasing, and that gold, commodities, and cryptocurrencies will benefit
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