Bank of America’s Michael Hartnett predicts a downturn in US stocks if the Federal Reserve sends dovish signals at the upcoming Jackson Hole economic symposium. Investors have been betting on lower interest rates to boost the labor market and reduce debt, leading to a record-breaking rally that may soon reverse.
Source: https://www.bloomberg.com/news/articles/2025-08-15/bofa-s-hartnett-sees-profit-taking-in-stocks-after-jackson-hole