BofA’s Hartnett Says US Stocks to Falter After Jackson Hole

US stocks are set to decline in the event of dovish signals from the Federal Reserve at the Jackson Hole economic symposium after this week’s record-breaking rally, according to Bank of America Corp. strategists.

The team led by Michael Hartnett said investors have flocked into risky assets from equities to cryptocurrencies and corporate bonds on optimism that the central bank will reduce interest rates to shore up a weakening labor market and ease the US debt burden.