BofA Strategist: Dollar Strength to Fade, Recommends Real Assets Amid Persistent Inflation

The dollar is going to get hit, stay in real assets according to BofA's Michael Hartnett
Markets are going to go through some trauma
Hartnett recommends staying in real assets like oil and gold
The dollar has been very strong but that strength will fade
Inflation remains persistent so real assets will hold value better than dollar

barrons.com

Relevant topic timeline:

9/7/2023

Dollar to stay bright this year before fading in 2024, analysts say: Reuters poll

The dollar's strength is expected to be difficult to overcome for most major currencies by year-end, according to a Reuters poll of forex strategists, with risks to the greenback outlook skewed to the upside.

9/7/2023

Persistent macro headwinds could delay Bitcoin bull market — ARK Invest

ARK Invest, an asset management firm, has highlighted several economic challenges that could arise for the remainder of 2023, despite the bullish sentiment in the equities markets, including interest rates, GDP estimates, unemployment, and inflation, which may affect the path of Bitcoin's bull run.

9/8/2023

Oil Prices, Strong Dollar, and Fed Rate Hikes Still Pose 'Triple Threat' to US Economy Despite Lower Recession Odds

Bank of America warns that the US economy still faces the risk of a "hard landing" due to rising oil prices, a strong dollar, and potential interest rate hikes by the Federal Reserve, contrasting with the optimistic outlook of other Wall Street banks.

9/20/2023

Rising Dollar Nears Key Level That Could Spark More Stock Volatility

The stock market faces a major issue as the dollar reaches a crucial level and could potentially break out.

9/22/2023

Rising Rates Push Tech Stocks Lower as High Yields Threaten Growth

The rise in real-world borrowing costs in Corporate America due to Federal Reserve hawkishness is posing a monetary danger to stock investors and putting pressure on the tech sector's high valuations.

9/25/2023

Surging Dollar Reverses from Tailwind to Headwind for U.S. Companies

The surge in the U.S. dollar may pose a challenge for U.S. stocks as they struggle through a losing September, creating headwinds for U.S. multinationals and tightening financial conditions.

10/3/2023

Analyst Forecasts Stock Market Correction as Rates Rise, Societal Issues Mount

The author discusses various predictions and observations regarding the financial market, political landscape, and societal issues, highlighting potential risks and opportunities.

Topics

Posted 10/3/2023, 10:02:00 PM

BofA Strategist: Dollar Strength to Fade, Recommends Real Assets Amid Persistent Inflation

The dollar is going to get hit, stay in real assets according to BofA's Michael Hartnett
Markets are going to go through some trauma
Hartnett recommends staying in real assets like oil and gold
The dollar has been very strong but that strength will fade
Inflation remains persistent so real assets will hold value better than dollar

barrons.com

Relevant topic timeline:

9/7/2023

Dollar to stay bright this year before fading in 2024, analysts say: Reuters poll

9/7/2023

Persistent macro headwinds could delay Bitcoin bull market — ARK Invest

9/8/2023

Oil Prices, Strong Dollar, and Fed Rate Hikes Still Pose 'Triple Threat' to US Economy Despite Lower Recession Odds

9/20/2023

Rising Dollar Nears Key Level That Could Spark More Stock Volatility

The stock market faces a major issue as the dollar reaches a crucial level and could potentially break out.

9/22/2023

Rising Rates Push Tech Stocks Lower as High Yields Threaten Growth

9/25/2023

Surging Dollar Reverses from Tailwind to Headwind for U.S. Companies

The surge in the U.S. dollar may pose a challenge for U.S. stocks as they struggle through a losing September, creating headwinds for U.S. multinationals and tightening financial conditions.

10/3/2023

Analyst Forecasts Stock Market Correction as Rates Rise, Societal Issues Mount

The author discusses various predictions and observations regarding the financial market, political landscape, and societal issues, highlighting potential risks and opportunities.