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The top performing sectors in 2024 will be bonds, bullion and breadth: BofA strategist

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BofA Securities investment strategist Michael Hartnett’s year ahead forecasts were typically blunt, with the winning asset classes being bonds, bullion and market breadth, “3Ps: bulls outperformed bears like us in 2023 but we await the classic combo of bearish Positioning, recessionary Profits & Policy easing, the 3P’s, to flip to ‘full bull’; we believe the risk of a ‘hard landing’ for the economy is higher-than-expected; a soft landing which takes bond yields from 5% to 4% is bullish risk, but a deeper recessionary decline in…

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