Bank of America delivers sobering stock market take

Bank of America feels stock market investors have gotten a little too comfortable. After this week’s Fed rate decision left policy unchanged (as expected), the big bank’s leading equity strategist warned that AI-driven optimism is essentially leaving the rest of the market mispriced and dangerously concentrated. For context, the FOMC maintained the federal funds target range at3.50% to 3.75% which was mostly in line with expectations. The stock market initially shrugged off the move after briefly toppi ...

Bank of America delivers sobering stock market take - Reportify