United States

Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

This site is for accredited investors, professional investors and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.




Bank of America Chief Investment Strategist Warns US Stimulus Policy Creates Financial Asset Bubble

22nd January 2021 | Hong Kong

Bank of America Chief Investment Strategist Michael Hartnett is warning of a financial asset bubble, created by the United States stimulus policy.  In 2020, many central banks had supported the economy and and asset prices through monetary and fiscal stimulus to save jobs & companies, and to cushion the impact of the COVID-19 pandemic.  The new United States President Joe Biden, is expected to provide a $2,000 stimulus payout to eligible United States citizens and an additional $1 trillion in fiscal stimulus for the economy.

” Bank of America Chief Investment Strategist Warns US Stimulus Policy Creates Financial Asset Bubble “

 

United States

Bank of America Chief Investment Strategist, Michael Hartnett: 

“D.C.’s policy bubble is fuelling Wall St’s asset price bubble … … when those want to stay rich start acting like those who want to get rich, it suggest a late-stage speculative blow-off”

 

Global Major Stock Indexes, Positive Performances

Despite the COVID-19 Pandemic, many global major stock indexes have positive returns, with NASDAQ, KOSPI (Korea) and TWSE (Taiwan) indexes gaining more than 40% each compared to a year ago (24/1/20 to 22/1/21).

 

Global Indexes – 1 Year Performance

Global IndexCountry24/1/2022/1/211 Year
Dow JonesUnited States28989309966.9%
S&P 500United States3295384116.6%
NASDAQUnited States93141354345.4%
FTSE 100UK75856695-11.7%
Euronext 100Europe11601123-3.2%
Nikkei 225Japan233432863122.7%
SSEChina (Shanghai)2746360631.3%
SZSEChina (Shenzhen)244924560.3%
Hang SengHong Kong27160294478.4%
STISingapore32532991-8.1%
All OrdinariesAustralia70987078-0.3%
SensexIndia411554887818.8%

 

 

Asia-Pacific Indices – 1 Year Performance

APAC IndexCountry24/1/2022/1/211 Year
Nikkei 225Japan233432863122.7%
SSEChina (Shanghai)2746360631.3%
SZSEChina (Shenzhen)244924560.3%
Hang SengHong Kong27160294478.4%
STISingapore32532991-8.1%
All OrdinariesAustralia70987078-0.3%
SensexIndia411554887818.8%
KOSPIKorea2176314044.3%
TWSETaiwan114211601940.3%
JKSEIndonesia624963070.9%
KLSEMalaysia157415961.4%
SETThailand15111497-0.9%

 

 

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,400 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users.

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.




Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs








Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition. Receive Caproasia newsletter here.
Managing $20 million to $3 billion? Register here: Financial Professionals
.
Visit Access | Daily homepage for financial professionals & professional investors.

Register: Professional Investors | CEOs & Entrepreneurs


For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com