BofA Strategist Hartnett Sees US Stock Market’s Global Dominance Fading
- Bonds, gold and international shares to keep outperforming
- Hartnett goes long China as trade war not seen escalating
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Bank of America Corp. strategists expect US stock-market outperformance to continue to fade after a relentless run was halted in the early part of 2025.
Equity markets including Brazil, Germany, the UK, China and Canada have all yielded higher returns than Wall Street’s S&P 500 year to date, noted strategists including Michael Hartnett. That’s as the so-called Magnificent Seven technology firms fail to provide the impetus they have done for so long.