Unker Best Hand is guiding world economy to the Moon - No Landing expected according to BOfA

[k1976]

https://www.businessinsider.com/sto...e-charts-trouble-ahead-bank-of-america-2024-4

 

[k1976]

Bank of America's top global strategist warns of growing bubble risk in the stock market as the economy heads for a no-landing scenario — and shares 3 charts showing the market could be headed for trouble​

William Edwards
Apr 20, 2024, 4:30 PM GMT+8

Michael Hartnett, Bank of America's top global strategist, thinks a no-landing scenario is the most-likely outcome for the US economy in the months ahead. That means the labor market would remain strong, but inflation would also stay above the Federal Reserve's long-term goal of 2%.

While that's fine for now, Hartnett warns it's a path that eventually leads to trouble for the economy and stocks. The longer inflation stays elevated, the longer the Fed has to keep policy restrictive or even tighten further, putting the economy at risk of a recession as businesses and consumers slow borrowing and spending.

 

[k1976]

We are now in Best Hand....all is not lost

 

[k1976]

To the moon and beyond...Heng Ong Huat lah!!

 

[k1976]

https://www.bloomberg.com/news/arti...eet-bulls-are-cashing-out-of-markets-en-masse

 

[k1976]

Traders Are Cashing Out of Markets En Masse​

• Traders just pulled billions out of stocks and junk bonds
• Elevated market valuations are now stirring investor angst

Pedestrians walk past the New York Stock Exchange.
Photographer: Michael Nagle/Bloomberg
By Denitsa Tsekova and Isabelle Lee
April 20, 2024 at 4:15 AM GMT+8

The great market rally of 2024 looks dangerously close to unraveling as Wall Street’s once-invincible bull brigade begins to withdraw its winnings.

With Treasury yields breaking out, Federal Reserve hawks ascendant and Middle East strife flaring, money has just been pulled out of equities and junk bonds at the fastest rate in more than a year. Dip-buyers have been muzzled. The S&P 500 fell every day this week as the top seven tech behemoths closed nearly 8% lower, with equity volatility climbing.

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[k1976]

Billionaire investor Ray Dalio says he's owning gold to hedge the risk of debt and inflation crises​

Jennifer Sor
Apr 20, 2024, 12:14 AM GMT+8
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Taylor Hill/Getty Images

• Ray Dalio says he owns gold partly to hedge against debt and inflation risks.
• The legendary hedge fund founder cast another warning on rising debt balances around the world.
• He's warned investors of a US debt crisis, which could push the economy into a balance sheet recession.