Bubble risk in equities, buy bonds and gold says BofA
The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation, according to Bank of America Corp.’s Michael Hartnett.
The next jobs print from the Labor Department is due on Oct. 4. For now, Hartnett said he remained bullish on bonds and gold.
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