--- title: "Bank of America Chief Investment Strategist: With soaring oil prices, the market may decline before rising, and the best investment opportunities may be in the consumer sector" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/279812351.md" description: "Bank of America Chief Investment Strategist Michael Hartnett stated at the capital markets conference in Paris that although international oil prices are close to multi-year highs, the market may face short-term pressure, but the consumer sector is currently the most attractive investment opportunity. He pointed out that consumer stocks have reflected stagflation risks, and the sectors related to low-income consumers have been overlooked by the market, possessing high trading value. Hartnett expects that U.S. stocks still have downside potential and advises investors to focus on international markets and commodities, believing these assets are in the direction of a long-term bull market" datetime: "2026-03-19T14:51:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279812351.md) - [en](https://longbridge.com/en/news/279812351.md) - [zh-HK](https://longbridge.com/zh-HK/news/279812351.md) --- > 支持的语言: [English](https://longbridge.com/en/news/279812351.md) | [繁體中文](https://longbridge.com/zh-HK/news/279812351.md) # Bank of America Chief Investment Strategist: With soaring oil prices, the market may decline before rising, and the best investment opportunities may be in the consumer sector As international oil prices approach multi-year highs and inflation and growth prospects come under pressure, Michael Hartnett, Chief Investment Strategist at Bank of America, believes that the most attractive investment opportunities currently lie in the consumer sector. According to the Zhitong Finance APP, Hartnett stated during an interview at a capital markets conference in Paris that consumer stocks have fully reflected expectations of "stagflation" risks. He pointed out that the market is currently generally pessimistic about sectors related to low-income consumers, but precisely because of this, this area has a higher trading value. "From a trading perspective, those consumer sectors related to affordability that are overlooked by the market may represent the best opportunities." However, Hartnett also warned that persistently rising energy prices could pose short-term pressure on the market. The increase in oil prices not only drives up inflation but may also delay the Federal Reserve's pace of interest rate cuts, thereby putting pressure on the stock market. He expects that there is still room for further decline in U.S. stocks before policies ultimately shift to easing, and noted that if the S&P 500 index falls to around 6,600 points, it will become a more attractive entry point. In his view, current market participants generally carry a "quantitative easing era mindset," meaning they are accustomed to relying on central bank intervention during market fluctuations. However, he believes this expectation may need to be broken before policymakers truly take action. He stated, "We are all used to the central bank intervening when problems arise, but this reliance may need to be corrected first." For medium to long-term allocation, Hartnett suggests that investors focus on international markets and commodities. He believes that in the current inflation-dominated macro environment, these two asset classes are the "real long-term bull market direction." Meanwhile, he dismisses market speculation regarding the Federal Reserve potentially raising interest rates, calling this notion "baseless." ### 相关股票 - [SPDR O&G Equip (XES.US)](https://longbridge.com/zh-CN/quote/XES.US.md) - [Occidental Petroleum (OXY.US)](https://longbridge.com/zh-CN/quote/OXY.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/zh-CN/quote/OIH.US.md) - [VanEck Retail ETF (RTH.US)](https://longbridge.com/zh-CN/quote/RTH.US.md) - [VG Energy (VDE.US)](https://longbridge.com/zh-CN/quote/VDE.US.md) - [ISHRS S&P Glb Engy (IXC.US)](https://longbridge.com/zh-CN/quote/IXC.US.md) - [iShares US Oil Equip & Svcs (IEZ.US)](https://longbridge.com/zh-CN/quote/IEZ.US.md) - [ISHRS S&Pp Glb Cons Staple (KXI.US)](https://longbridge.com/zh-CN/quote/KXI.US.md) - [iShares US Consumer Staples ETF (IYK.US)](https://longbridge.com/zh-CN/quote/IYK.US.md) - [iShares US Oil & Gas Expl & Prod (IEO.US)](https://longbridge.com/zh-CN/quote/IEO.US.md) - [SPDR O&G Ex & Prd (XOP.US)](https://longbridge.com/zh-CN/quote/XOP.US.md) - [Bank of America (BAC.US)](https://longbridge.com/zh-CN/quote/BAC.US.md) - [Pro Ultr Bloomberg Crude Oil (UCO.US)](https://longbridge.com/zh-CN/quote/UCO.US.md) - [United States Oil Fund LP (USO.US)](https://longbridge.com/zh-CN/quote/USO.US.md) - [SPDR FD Consumer Discretionary (XLY.US)](https://longbridge.com/zh-CN/quote/XLY.US.md) - [SPDR S&P Retail ETF (XRT.US)](https://longbridge.com/zh-CN/quote/XRT.US.md) - [VG Consumer Stap (VDC.US)](https://longbridge.com/zh-CN/quote/VDC.US.md) - [VanEck Oil Refiners ETF (CRAK.US)](https://longbridge.com/zh-CN/quote/CRAK.US.md) - [SPDR FD Consumer Staples (XLP.US)](https://longbridge.com/zh-CN/quote/XLP.US.md) - [Us Brent Oil (BNO.US)](https://longbridge.com/zh-CN/quote/BNO.US.md) - [SPDR Energy Select (XLE.US)](https://longbridge.com/zh-CN/quote/XLE.US.md) ## 相关资讯与研究 - [EU wheat regains ground with Chicago on Middle East war escalation](https://longbridge.com/zh-CN/news/279646243.md) - [Asia Fuel Oil-HSFO trades lower though market structure holds firm](https://longbridge.com/zh-CN/news/279576252.md) - [Impact of Middle East Conflict on TotalEnergies Activities | TTE Stock News](https://longbridge.com/zh-CN/news/279080221.md) - [Eurogroup chair says Europe should act swiftly to protect economies if energy prices stay high](https://longbridge.com/zh-CN/news/279057297.md) - [Cotton Falling Back on Wednesday AM Trade](https://longbridge.com/zh-CN/news/279620111.md)