Lates News

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, if Friday's key employment report shows resilience, concerns about a recession in the US economy may further weaken. The strategist claimed that market participants are placing their bets on scenarios involving "lower tariffs, lower interest rates, and lower taxes." He stated that as long as non-farm payrolls are not hit hard, the significant easing of financial conditions along with strong spending in artificial intelligence will alleviate concerns about economic growth. Hartnett reiterated his preference for international stocks this year.