These three stars need to align before investors rush back into stocks, Bank of America strategist says

These three stars need to align before investors rush back into stocks, Bank of America strategist says These three stars need to align before investors rush back into stocks, Bank of America strategist says Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks, Michael Hartnett says A U.S. 10-year Treasury yield under 4.5% is one prerequisite before investors load up on stocks, Michael Hartnett says. The 3% drop in the S&P 500 and 6% tumble for tech stocks this week are not enough for one strategist, who has been in “risk-off” mode for several months, to change his mind. Bank of America chief investment strategist Michael Hartnett has three key prerequisites for buying the market: that central banks stop tightening policy, U.S. 10-year yields decline to 4.5% Copyright ©2026 MarketWatch, Inc.

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Rimmer spent more than 30 years as a trader and stockbroker, starting at Salomon Brothers in the “Liar's Poker” era, taking in ING Barings, Jefferies and ending it in emerging markets at Investec. He hung up his headset and pivoted to journalism in 2021. Intraday Data provided by FACTSET and subject to terms of use.

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