BofA Strategist Sees Shaky Market Sentiment as Fed Pivots

What You Need To Know

• Michael Harnett said earlier that investors should start putting more money into stocks outside the U.S.
• The S&P 500 Equal Weighted Index has dropped more than 7% since a late November record.
• The SPDR S&P Bank ETF needs to hold near 2022 highs to prevent investor sentiment from souring.