Bank of America’s clients are wondering when they might get some relief from the sharp drop in “risk assets” this year, looking for indicators that may warrant a shift from the Federal Reserve’s hawkish monetary policy stance as it aims to bring down high inflation, according to a BofA Global Research note.
“Bad news=good news when the labor market cracks,” the strategists wrote in the report. “The S&P 500 typically bottoms three months before claims peak.” Their research, which is based on the past six fed-funds cycles, also found that 2-year and 10-year Treasury yields typically peak with a strong labor market shortly after initial jobless claims bottom. On average, the two-year yield peaks four months after the trough, while 10-year rates reach their peak eight months after it’s hit.
'soft landing' is only a term that can apply to the upper wealth class. You can't save first class while sacrificing coach...
4.9% inflation
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