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Stock impact report

BofA Strategists Say Rates Jitters Are Fueling Stock Outflows [Yahoo! Finance]

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: Yahoo! Finance
keep interest rates higher for longer, according to Bank of America Corp. strategists. Most Read from Bloomberg Elon Wants His Money Back Dubai Grinds to Standstill as Flooding Hits City Israel Reported to Have Launched Retaliatory Strike on Iran Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Oil Erases Advance After Iranian Media Downplays Israel's Attack A team led by Michael Hartnett wrote in a note that good economic news is now bad news for stocks, a shift in mindset from the first quarter when “good news = good.” Evidence of this is the $21.1 billion investors redeemed from stock funds in the two weeks through Wednesday, the most in a fortnight since December 2022, BofA said, citing data from EPFR Global. Stocks have slumped in April after a strong first quarter as traders scale back their bets on rate cuts in the face of hot inflation and job-market prints. An escalation of the conflict in the Middle East is also weighing on risk appetite beca Show less Read more
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