Why the best stock-markets bets are Chinese tech stocks and this out-of-fashion sector, according to Bank of America

Bank of America's Michael Hartnett argues the stock market is now 'too big to fail,' implying no rate increases before the midterms and a possible Sino-American detente in May. The note is a macro/policy view rather than hard data, suggesting a supportive backdrop for equities if tighter policy is delayed and geopolitical tensions ease.

Analysis

Bank of America's Michael Hartnett argues the stock market is now 'too big to fail,' implying no rate increases before the midterms and a possible Sino-American detente in May. The note is a macro/policy view rather than hard data, suggesting a supportive backdrop for equities if tighter policy is delayed and geopolitical tensions ease.