Bank of America’s Hartnett: 'Tactically bearish but strategically bullish, as policymakers will not allow a market crash.'

In a rare move, Bank of America's Hartnett issued a dual tactical bearish and strategic bullish outlook: short-term market sentiment has become excessively euphoric, with credit markets flashing early warning signs, warranting a retreat from risk assets; however, the long-term stance remains overweight equities and underweight bonds. The core rationale is that U.S. policymakers now regard the stock market as a 'too-big-to-fail' systemic asset. The true signal of the end of the bull market would be 'rising yields coupled with falling bank stocks.'

Zhitong Finance14:02

Earnings Scorecard: All 12 S&P 500 Energy Stocks Beat EPS Estimates This Week

Seeking Alpha00:15

After AGI, Silicon Valley has found another justification for capital expenditure.

① The Chief Strategy Officer of Google DeepMind stated that RSI is becoming the core investment rationale behind AI capital expenditures. ② Both OpenAI and Anthropic have already placed bets on this direction. ③ “The arrival of RSI may come sooner than most institutions anticipate.”

cls.cnAug 8 11:34

U.S. Markets Close | Weak Jobs Report Dampens Rate Hike Expectations; S&P 500 Hits New Record High. Software Stocks Surge, with Atlassian Jumping 35% Post-Earnings and Palantir Rising Over 10%. Gold Rebounds Strongly Above $4,300.

The S&P 500 rose 0.59% to close at 7,755.61, the Nasdaq Composite gained 1.28% to 26,686.48, and the Dow Jones Industrial Average advanced 0.28% to 54,036.93. All three major U.S. equity indices recorded their largest weekly gains since mid-April this week. Spot gold surged 2.3% to $4,336 per ounce. WTI crude traded at approximately $77.5 per barrel, while Brent crude was around $82.5 per barrel. The yield on the 10-year U.S. Treasury note stood at 4.65%.

wallstreetcnAug 8 06:23

Data Center Operator Switch Confidentially Files for IPO - Report

Seeking AlphaAug 8 06:13

Express News | OpenAI has paused development of its new model Astra over concerns that it possesses capabilities for critical cyberattacks.

BreakingsAug 8 00:35