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BofA's Hartnett Says US Megacaps to Lead Stocks Until Rates Bite

(Bloomberg) -- The US equity market will continue to rely on a handful of megacap stocks for direction until an uptick in real interest rates ignites recession fears, according to Bank of America Corp. strategists.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipUS Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes...
United States Bloomberg Businessweek Michael Hartnett Federal Reserve Nvidia Corp Microsoft Corp
Source: yahoo.com

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