Wall Street has accused a rebound for both Actions as for him dollarbut the strategist of Bank of America Michael Hartnett It is not very excited about it. It has recommended sell why The conditions for sustained profits are not givenaccording to Michael Msika in Yahoo Finance.
He dollar is in the middle of a long -term depreciationwhile the removal of US assets It has a future Ahead, according to the team led by Hartnett. The trend will continue until the Federal Reserve begins to cut interest rates, USA.
«The current unfavorable operation is undoubtedly a close rising pressure, led by the magnificent seven, in US shares and dollar,» the strategists wrote in a note. » A decisive breakdown of Current key support levels and resistance (Estimated at 5,690 for the S&P 500, near the 50 -week mobile average) it would depend on these conditions, ”they said.
American assets have suffered this year after reaching Extreme valuations in 2024since investors reduced their exposure as a result of the aggressive commercial policies. Tariffs threaten global growth and probably will boost US inflation, which has led asset managers to diversify their exhibition.
He S&P 500 It has collapsed to a 19% Since its maximum of February, before recovering almost half of that fall thanks to the intervention of buyers in the falls. He Bloomberg dollar index a one has fallen 6.3% This year.
«The depreciation of the dollar is the cleanest investment issue,» according to Hartnett. Consider DeepSeek As the culminating point of American exceptionalism, Trump’s policies as the trigger for European fiscal excess and tariff ads such as the beginning of the decline of globalization.
«A weaker US dollar will manifest slowly with lower or rapid yields with higher yields,» said Hartnett. «The rise in the price of gold is a clear indication of it.»
«The theme of the weak dollar favors a greater allocation of global assets to raw materials, emerging markets and international actions, such as Chinese technology and European and Japanese banks,» he added.
Bank of America It lies upward on Friday afternoon at 39.61 dollars. The 70 and 200 periods are maintained above the last candles, RSI down in the 51 points and the MACD lines below the zero level.
Medium -term resistance is found at $ 47.98. Meanwhile, IE indicators are mixed.