Recent reports indicate that bad economic news, which previously boosted stocks, may now have a negative impact on the market. Bank of America warns of a potential shift as weak growth persists, causing investors to react differently to economic data.
BAD NEWS has been good news for equities lately, but that could change, says Bank of America: "Over the past two months, there has been a negative 78% correlation between the S&P 500 and the USD, indicating that bad economic news often led to stock market gains, but that could…
For the first time in years, investors are not cheering weak economic data. As yields and the Dollar decline, markets are getting skittish. Bad news is starting to be bad news again after yesterday's PMI data.
BofA: BAD News Becomes BAD News for Stocks Over the past 2 months, the S&P 500 and USD have shown a negative 78% correlation, suggesting bad economic data has often benefited stocks. However, BofA warns this could change if growth weakens further. BofA: “We believe the… https://t.co/Rp9EW5iNnB
Asian markets in reverse as US data spark economy worries https://t.co/oniSUns5mK
Bad economic news has been good for stocks, but that could change this week https://t.co/OoUprJ0woK