Benzinga
Published Jan 09, 2024 19:46
Updated Jan 09, 2024 21:10
Bank Of America Predicts 10 2024 Market Surprises: From Booming IPOs To Japanese Equity Surge
Benzinga - by Piero Cingari, Benzinga Staff Writer.
The fastest easing of financial conditions in history could leave markets offsides if the expected ideal economic scenario fails to materialize, Bank of America warned in a note released on Tuesday.
The bank’s analysts observed that investors recently adopted a conflicting stance, anticipating more than five Federal Reserve rate cuts and maintaining an excessively optimistic view on inflation.
Bank of America advised investors to be wary of the bond market’s relatively dovish position compared to the Federal Reserve. It also raised concerns that Federal Reserve rate cuts in the current year might perpetuate inflationary pressures.
Here are 10 surprises that could affect markets in 2024, according to the bank’s latest Research Investment Committee (RIC) report:
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