According to Deep Tide TechFlow, Bank of America strategist Michael Hartnett has stated that the rebound in the U.S. stock market may have come to an end. Despite the optimism surrounding tariff reductions in the second quarter driving the stock market rebound, he believes the market will not rise further.
Since Trump announced a delay in the imposition of some tariffs on April 9, the S&P 500 index has risen by 14%, but it is still down 3.7% for the year. Hartnett advises focusing on bonds rather than stocks in 2025 and prefers international assets.
According to a report from Bank of America citing EPFR Global data, approximately $24.8 billion has been redeemed from the U.S. stock market over the past four weeks, the largest level in two years.