BOFA CEO DISMISSES RECESSION FEARS Bank of America CEO Brian Moynihan said higher interest rates are not a sign of recession but reflect a resilient U.S. economy and the Fed's effort to control inflation. Despite BofA forecasting three Fed rate hikes, Moynihan expects economic growth to remain strong while inflation gradually eases. *Walter Bloomberg (@DeItaone) / Twitter · 07-02 00:03
BOFA: HEDGE THE RALLY Bank of America is urging investors to hedge further S&P 500 gains, warning the recent rally is losing momentum and could give way to a “three-wave correction” through September. Technical strategist Paul Ciana sees the index falling as low as 6,850—about 8% below current levels—and warns that even new highs could be a “head fake” before a broader pullback. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 05:18
PVH downgraded by BofA as Middle East and Europe exposure clouds outlook Stock Market News · 06-26 01:43
BOFA TURNS MORE BULLISH ON THE DOLLAR Bank of America cut its euro forecasts and now expects a stronger U.S. dollar in the second half of 2026, citing resilient U.S. economic data and a hawkish Federal Reserve. The bank sees EUR/USD ending Q3 at 1.12 and 2026 at 1.15, while warning that further Fed tightening could keep pressure on the euro. *Walter Bloomberg (@DeItaone) / Twitter · 06-25 23:59