BofA's Hartnett expects risk aversion to persist until mid-November

FinanceInternationalBloomberg LíneaOct 23, 2026, 6:31 PM35 s readAI summary

Michael Hartnett, strategist at Bank of America, wrote in a note to clients that he remains "tactically risk-off until mid-November" and expects a downward trend in yields, stocks and the US dollar. The market has yet to fully price in a Democratic victory in both the House and the Senate, which would be negative for earnings growth. Fears of an AI bubble and the midterm elections are weighing on markets.

In 35 seconds

Hartnett expects risk aversion until mid-November and a downward trend in yields, stocks and the dollar
The market has not fully priced in a Democratic victory in the House and Senate, negative for earnings
Investors keep piling into tech stocks: largest weekly inflows since July, according to EPFR Global

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IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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BofA's Hartnett expects risk aversion to persist until mid-November

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