The Zhitong Finance App learned that Bank of America's chief investment strategist Michael Hartnett warned that although expectations of easing trade policies have driven a sharp rebound in US stocks recently, this wave of gains may be nearing its end. In his latest research report, he pointed out that investors need to be wary of the classic trading logic of “buying expectations and selling facts” — when favorable policies are actually implemented, the market may instead reverse due to overdrafted increases in the previous period.

The Zhitong Finance App learned that Bank of America's chief investment strategist Michael Hartnett warned that although expectations of easing trade policies have driven a sharp rebound in US stocks recently, this wave of gains may be nearing its end. In his latest research report, he pointed out that investors need to be wary of the classic trading logic of “buying expectations and selling facts” — when favorable policies are actually implemented, the market may instead reverse due to overdrafted increases in the previous period.