The post BofA tells Americans to sell all dollar and stock holdings now as indexes post rare win streak appeared on BitcoinEthereumNews.com.

Bank of America told investors on Friday to get out of the stock market and dump the US dollar while they still can. The warning, issued in a note led by strategist Michael Hartnett, said the recent rally means nothing without real progress on three major issues: interest rate cuts from the Federal Reserve, a trade deal between the US and China, and strong consumer spending. None of that is happening right now. BoFA’s report said the rise in both stocks and the dollar is being driven by a narrow group of tech names—what Hartnett called a “Magnificent 7-led squeeze.” But this setup won’t last. Michael warned that any chance of a real breakout for the S&P 500, which he pegged at 5,690 as a key level, depends entirely on the US fixing those three problems. Until then, BoFA is telling investors to sell every rally and get out of US assets. BoFA warns dollar and stock market strength won’t hold Hartnett and his team said the dollar is still stuck in a long-term fall, and the global move away from US assets isn’t even close to finished. He said the only way that changes is if the Fed slashes rates, but there’s no sign of that happening. The bank also made it clear that the current US trade policy is fueling global uncertainty and inflation. The aggressive tariffs from the White House are pushing money away from American assets and toward emerging markets, commodities, and foreign stocks. BofA said US valuations hit extreme levels earlier in 2024, and that forced big investors to pull money out. The fallout has been brutal. The S&P 500 dropped as much as 19% from its February high before dip buyers stepped in and recaptured about half of the losses. Meanwhile, the Bloomberg dollar…

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Filed under: News - @ April 25, 2025 4:28 pm