The actions in Wall Street closed with low negotiation and paused in their deterioration, because the results of the great Wall Street banks launched the profit season.
The S&P500, the most representative index of the American stock market square closed up with 1.41% and Nasdaq advanced 1.68%. During the day a Federal Reserve official said that the Central Bank is willing to intervene to stabilize the markets if the conditions become disorderly.
“The market has been positively reacted by the results of investment banks. However, the investors are seeing sideways what will happen in the United States,” said César Huiman, a senior analyst at Kallpa Sab’s Equity Research.
On the side of the local stock market, at 1:40 in the afternoon he negotiated with most of his indicators positively with the general index by paiding 2.25%.
With the results achieved and after the reputation of more than 9% of Wall Street on Wednesday, the actions in the New York Stock Exchange point to their best week since 2023.
Bank of America recommends selling
A note published by Bloomberg realized that Michael Hartnett, Chief Investment Strategyist at Bank of America Global Research, suggested that investors should take advantage of the rebounds of the S&P 500 to sell, until the US and China reduce the voltage of the global commercial war and the Federal Reserve intervenes.
The strategist said that tariffs and the consequent turbulence in the markets are turning the “American exceptionalism” into a “American repudiation.” Thus, he recommended adopting a short position in shares – until the S&P500 falls to 4,800 points – and a long position in two -year treasure bonds. The index quoted around 5,340 points on Friday.
The greatest yields of the bonds, the fall of the shares and the weakness of the dollar are “promoting a global liquidation of assets and will probably force those responsible for economic policy to act,” Hartnett wrote in a note. But he warned that investors should “sell rebounds in risk assets.”
