BofA: USD bulls are back

Conf. Board Consumer Confidence (Mar) 104.7 vs 107 Expected

Conf. Board Consumer Confidence (Mar) 104.7 vs 107 Expected

Richmond Fed Manf. Index (Mar) -11 vs -5 Expected

Richmond Fed Manf. Index (Mar) -11 vs -5 Expected

FHFA House Price Index (Jan) -0.1% vs 0.3% Expected

FHFA House Price Index (Jan) -0.1% vs 0.3% Expected

BofA: Client inflows into ETFs surpass individual stocks for first time in 5 weeks

Bank of America said its clients were modest net buyers of US equities last week, resulting in just $0.4 billion of inflows. Notably, for the first time in five weeks, inflows into ETFs surpassed those into individual stocks.

Clients bought equity ETFs for a second consecutive week, with inflows across all styles (Growth/Value/Blend ETFs) and Large Cap/Small Cap/Broad Market ETFs; only Mid Cap ETFs saw outflows, strategists led by Jill Carey Hall... More

Philadelphia Fed Non-Manufacturing Activity -18.3 vs -8.8 Prior

Philadelphia Fed Non-Manufacturing Activity -18.3 vs -8.8 Prior

Durable Goods (Feb P) 1.4% vs 1% Expected, Ex-Trans 0.5% vs 0.4%

Durable Goods (Feb P) 1.4% vs 1% Expected, Ex-Trans 0.5% vs 0.4%

Citi's Montagu: Positioning 'increasingly bullish in Europe' versus US

Citigroup strategists, led by Chris Montagu, noted a growing preference for European stocks over U.S. ones, with a notable surge in risk appetite for Europe contrasting with increased market uncertainty in the U.S. last week.

Investor positioning appears to be turning increasingly bullish in Europe relative... More

Dow, S&P fall for third straight session with inflation data eyed

By Chuck Mikolajczak

NEW YORK (Reuters) - U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and S&P 500 to their third straight decline, as investors awaited economic data in a holiday-shortened week to gauge the Federal Reserve's policy path.

Stocks struggled for upward momentum even as Tesla gained 2.92% after CEO Elon Musk unveiled the electric-vehicle maker's one-month trial of its Full Self-Driving technology to existing and new customers in the United States. The stock is up about 4% for the week but remains down more than 28% for the year.

BofA: Are US equities really that expensive vs. Europe?

In a Monday note, Bank of America's strategists observed a positive shift in the equity cycle, as indicated by their three quantitative models: the Global Wave, US Regime Indicator, and European Style Cycle.

Historically, such upturns have favored cyclical and value stocks, with Europe typically outperforming the U.S., though this trend did not follow after the global financial crisis (GFC).

Despite Europe's traditional "value" appeal, strategists advocate for investment in U.S. cyclicals to take advantage of the current upturn.

We hear "the S&P 500 is egregiously expensive vs. Europe." At first glance, it is... More