Story perspectives

Bank of America Strategist Recommends Shift to Gold

4/28/2025

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Summary

Story summary

Bank of America strategist Michael Hartnett recommends selling U.S. stocks in favor of international stocks and gold.
U.S. stocks experienced an $800 million outflow, while gold attracted $3.3 billion in investments.
U.S. household stock wealth has dropped by $6 trillion this year.
Rising U.S. Treasury yields reflect decreasing demand for bonds amid geopolitical tensions.
Hartnett identifies a significant market shift, with gold outperforming at +26.2%.

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Story summary

Bank of America strategist Michael Hartnett recommends selling U.S. stocks in favor of international stocks and gold.
U.S. stocks experienced an $800 million outflow, while gold attracted $3.3 billion in investments.
U.S. household stock wealth has dropped by $6 trillion this year.
Rising U.S. Treasury yields reflect decreasing demand for bonds amid geopolitical tensions.
Hartnett identifies a significant market shift, with gold outperforming at +26.2%.