Dow, S&P fall for third straight session with inflation data eyed
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
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BofA: USD bulls are back
March 26, 2024 11:26 AM EDTBofA analysts declared the USD bulls are back in a note Tuesday, revealing that both hedge funds and real money are buying the dollar.
While hedge funds are long the greenback, Bank of America said, "real money positioning [is] light."
"Very strong hedge fund demand for USD... More
