Beware heightened risks of ‘fragility shocks’ in a market too dependent on the Fed, BofA warns
May 11, 2021 at 14:43 PM EDT
Fragility risks are at the highest ever for markets in increasingly ‘tricky territory,’ according to Bank of America analysts. Investors are ‘overly dependent’ on an accommodative Fed with its ‘pedal to the metal’ seeking to restore the labor market, they say.