BofA's "Emerging Market Crisis" Indicator Was Just Triggered [zero hedge]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: zero hedge
While the market is distracted by record stock highs, a week-long vacation in Turkey, and a mysterious pre-talks bid in the offshore yuan, the truth is that this Emerging Market crisis has been a long time in the making, and based on the Brazilian Real's collapsed above 4/USD, it has a long way to go.* * *As a reminder, the first break in the "strong Emerging Market" narrative emerged in late April when as a result of rising US interest rates the dollar surge began in earnest (facilitated by China's first easing announcement on April 17), which in turn sent the both EM currencies, and EM debt reeling...... to be followed shortly by the plunge in the biggest EM currency of all: the Chinese Yuan.And as we highlighted in early May, BofA's Chief Investment Officer Michael Hartnett observed that higher US rates finally caused a higher US dollar (courtesy of the PBOC), at which point "EM started to crack." But while many had pointed at the collapse in the Turkish Lira, the Argentine Peso,
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Bank of America: Considerable Near-Term Potential, But Annualized Returns Likely Lower [Seeking Alpha]Seeking Alpha
- Best credit cards for home improvement for April 2024 [Yahoo! Finance]Yahoo! Finance
- PJT Taps Ex-BofA, Credit Suisse Dealmaker Knauss as Partner [BNN Bloomberg (Canada)]BNN Bloomberg
- Regulators said to revive bid to rein in Wall Street bonus payouts [Seeking Alpha]Seeking Alpha
- Bank of America defeats 'Erica' virtual-assistant trademark case on appeal [Reuters]Reuters
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/19/24 - Form 424B2
- 4/19/24 - Form FWP
- 4/19/24 - Form FWP
- BAC's page on the SEC website