Stock rally vulnerable to stagflation: BofA strategist
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This week's CPI data could add to the risk.
Wagers on interest rate cuts have sent investor optimism to a two-and-a-half-year high, but stocks will suffer if evidence of stagflation materializes, according to Bank of America Corp. strategist Michael Hartnett.
According to BofA’s global poll, a majority of fund managers see the Federal Re
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