Bank of America warns that the US stock market's rebound is only temporary.

Last week, the three major U.S. stock indexes fluctuated and rebounded, with the Dow rising 2.48% for the week, the S&P 500 index rising over 4.5%, and the Nasdaq rising by 6.73%. However, despite the rebound in U.S. stocks, some Wall Street institutions still have a negative outlook on the future market. Michael Hartnett, chief investment strategist at Bank of America, suggests that investors should sell when U.S. stocks and the U.S. dollar rebound until uncertainty is completely resolved. Hartnett and his team stated in their report, "We will continue to buy bonds and gold on the decline, and sell on the rise of the S&P 500 index and the dollar." Hartnett added that the "painful trading" in the market indicates that there will be more downward space in the future. The report points out that the U.S. dollar is in a long-term depreciation trend, and the trend of withdrawing funds from U.S. assets will continue. This trend will persist until the Fed begins to cut interest rates, the "trade war" is completely resolved, and consumer spending remains resilient.