News: Bank of America CIO Michael Hartnett believes a sell signal ended last week following a nearly 10% drop in the S&P 500. His prior analysis suggested a policy panic would emerge with oil exceeding $100/bbl, 30-year yields at 5%, and the S&P falling below 6600. The S&P 500 experienced a 3.5% increase last week, its strongest weekly performance since November 25th.
AI Analysis: The market appears to be anticipating potential shifts in Federal Reserve policy, as evidenced by the recent S&P 500 rally and the snapping of the Treasury-to-Oil correlation.
