Wall Street ends week higher on US soft landing hopes
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BofA's Hartnett says 'inflation hedges back on'
July 28, 2023 9:16 AM EDTIn his weekly flow show note, BofA analyst Michael Hartnett said Friday that inflation hedges are back on.
The analyst revealed that cash saw inflows in the past two weeks, with $104.1bn inflow to cash in the month to date. As a result, Hartnett said there has been... More
BofA not convinced the Federal Reserve is done
July 28, 2023 8:03 AM EDTIn a note to clients Friday, BofA analyst Michael Gapen told investors that they are not convinced the Federal Reserve is done lifting rates.
This week the Fed raised rates by 25bp after a pause in June. However, they left the door open for another hike in September.
Gapen said they think the Fed will continue to hike... More
