BOFA Warns of Market Risk-Off Period Over Next 3–4 Weeks

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Bank of America strategist Michael Hartnett expects investors to reduce risk over the next three to four weeks, citing 3% real yields, persistent inflation, AI valuation concerns and uncertainty surrounding the U.S. midterm elections. Hartnett also expects the Federal Reserve to raise interest rates in October, despite markets increasingly pricing in a pause. He favors …