Global shares, US yields rise after strong jobs data, debt-ceiling passage
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StreetInsider.com Top Tickers, 9/1/2026
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
Buy Hang Seng, sell AI, says BofA's Hartnett
June 2, 2023 8:46 AM EDTBofA's Michael Hartnett said in his flow show note on Friday that the contrarian trade in June is to buy the Hang Seng and sell artificial intelligence (AI).
"Tech/stocks have discounted June Fed pause, leaves China stimulus as bullish June surprise...contrarian June trade is 'buy HSI, sell AI'...hedge with some beaten-up commodities, EM, resources, banks," the analyst... More
