Today at 11:29 AM | S&P 500

Clients bet on US stock rally this summer — BofA

Clients bet on US stock rally this summer — BofA

According to Bank of America strategists, investors are expecting US stocks to rise due to strong corporate earnings in Q2. They believe the market could maintain its positive momentum through late summer, particularly ahead of the Federal Reserve's annual symposium at the end of August. However, a pullback may follow as some traders exit the market.

Senior bank strategist Michael Hartnett noted that clients show little concern about economic conditions or elevated stock prices. Most remain confident that companies will report solid earnings and boost AI investments. This sentiment continues to propel the S&P 500, which has already hit record highs.

The bank's analysts expect S&P 500 companies' Q2 profits to grow 2.8% year-on-year—significantly below Q1's 14% surge. Yet market participants still believe in economic stability and President Trump's actions, anticipating he will not let tariff disputes escalate into serious consequences.

Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
Today at 10:42 AM 12
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
Today at 08:53 AM 25
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
Yesterday at 10:38 AM 39
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
Yesterday at 08:19 AM 39
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 68
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 45
Go to forecasts