US Stocks Fall on Fitch Downgrade but Economists Aren't Too Perturbed
US stocks are sharply lower after Fitch lowered US sovereign debt rating. Economists aren’t too perturbed by the downgrade though.
Source: learnbonds.com
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Eight Canadian stocks remain on RBC's top global energy ideas list
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: theglobeandmail.com
Bank of America joins Fed in reversing recession call | Crain's Cleveland Business
From Bloomberg: Economists at Bank of America Corp. revoked their forecast for a recession in the U.S., becoming the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook. The change comes just a week after Federal Reserve chair Jerome Powell said the central bank's own economists are no longer forecasting a recession.
Source: crainscleveland.com
'Imagine no recession, it's easy if you try,' BofA says
The investment bank has been predicting a recession since the summer of 2022.
Source: fortune.com
'Imagine no recession, it's easy if you try.' Bank of America flip-flops on its recession call, arguing a 'soft landing' is on the way
“Imagine no recession, it’s easy if you try.” That was the title of Bank of America Research’s latest U.S. Economic Viewpoint research note, which details…
Source: biztoc.com