【Bank of America: The stock market is expected to experience a wave of profit-taking after the Jackson Hole meeting】Golden Finance reported that strategists at Bank of America pointed out that the record rebound in the U.S. stock market makes it an excellent time for profit-taking as the Federal Reserve sends dovish signals at the Jackson Hole meeting. The team led by Michael Hartnett stated that investors are flocking to risk assets ranging from stocks to cryptocurrencies and corporate bonds as they optimistically believe that the Federal Reserve will lower interest rates to support a weak labor market and ease the U.S. debt burden. Hartnett wrote in a report that if Federal Reserve Chairman Powell releases dovish statements at the Jackson Hole meeting, it could lead to a decline in the stock market, as investors "buy the rumor, sell the fact." He reiterated his preference for international stocks over U.S. stocks, a view that has proven correct this year. Hartnett recently warned that the stock market may form a bubble. He believes that as investors seek to combat inflation and hedge against a weakening dollar, gold, commodities, cryptocurrencies, and emerging market assets will be the biggest winners.