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Good news on the economy likely shifts to bad news from here, says BofA Global

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  The U.S. stock market is back to an uncomfortably familiar spot, with Wall Street no longer celebrating good news on the economy. Strategists at BofA Global Research said that the stock market is transitioning from a "rates up,

The article from MarketWatch discusses Bank of America Global Research's perspective on the current economic indicators and their implications for the stock market. According to BofA, positive economic news, such as strong job growth and consumer spending, might now be interpreted as negative for the market because it could lead the Federal Reserve to maintain or even increase interest rates to combat inflation. This shift in perception comes as investors are increasingly concerned about the Federal Reserve's next moves, especially with key economic reports like the jobs data on the horizon. The article highlights that while good economic news was previously welcomed, it now potentially signals tighter monetary policy, which could dampen market enthusiasm. BofA suggests that the market might react negatively to strong economic data, as it could mean higher rates for a longer period, potentially leading to a more challenging environment for stocks.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-steady-as-traders-eye-looming-jobs-reports/card/good-news-on-the-economy-likely-shifts-to-bad-news-from-here-says-bofa-global-ei8OhHV9w9TK6T0thbB7 ]