Bank of America strategist Hartnett: The US non-farm payrolls data is the key to market judgments on economic recession.

Michael Hartnett of Bank of America said that investors are currently betting that President Donald Trump will take a more market-friendly stance in the coming months, and if Friday's key employment report shows strength, concerns about a US economic recession could further diminish. The strategist stated that market participants are placing their bets on scenarios of "reduced tariffs, reduced interest rates, and reduced taxes." He said that as long as non-farm employment is not hit hard, the significant easing of financial conditions along with strong AI spending will alleviate concerns about economic growth. Hartnett reiterated his preference for international stocks this year.