Michael Hartnett, Chief Investment Strategist at Bank of America, warned of a recession shock in financial markets following the worst H1 2022 for the S&P 500 in more than 50 years.

 

Stocks and bonds around the world fell he most on record, with more than $8 trillion wiped off the S&P 500 Index alone in its worst first-half performance in over half a century, according to Bloomberg data going back to 1990.

 

Around $5.8 billion exited global stock funds in the week through June 29, although US equities saw small inflows of about $0.5 billion, BofA said, citing EPFR Global data.

 

Both stocks and bonds were impacted by outflows this week as investors fear the global economy could contract amid runaway inflation and hawkish central banks.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request