Bank of America’s Hartnett warns investors to avoid risk until dollar peaks

Bank of America: Bank of America is a leading multinational financial services company providing banking, investment banking, and wealth management solutions to individuals, businesses, and institutions. Its research division regularly produces market analysis and investment strategy notes. The firm's chief investment strategist Michael Hartnett is cited in the news for his assessment of investor positioning amid dollar movements. Michael Hartnett: Michael Hartnett serves as Chief Investment Strategist at Bank of America Global Research and is known for his commentary on global markets, risk sentiment, and asset allocation. He frequently highlights themes such as deglobalization, fiscal policy impacts, and contrarian opportunities. The news references his latest note warning that risk aversion is likely to continue until the dollar shows signs of peaking. Currency Markets: The US dollar has extended gains recently against major currencies amid a global bond market sell-off and inflationary pressures. Market Sentiment: Strategists note that investors are shifting toward more defensive positioning by reducing exposure to riskier assets while monitoring currency trends and bond yields.