US stocks still face hard landing risks, Bank of America says

News Snapshot:

(Bloomberg) — The Federal Reserve may very well be done hiking rates for now, but US stocks still face a pullback from the risk of a hard economic landing, according to Bank of America Corp. strategists. Most Read from Bloomberg Signs of softening in the labor market are a “strong tell” that the Fed would pause rate hikes, and a “benign” reading on jobs data due on Friday would be the “last piece of the Goldilocks jigsaw,” strategist Michael Hartnett said. However, he expects more indications of a so-called hard landing from this month onward. “Sell the last rate hike,”...