Bank of America: Rising risk of a hard landing in the US economy, recommends selling stocks when the Federal Reserve cuts interest rates for the first time

Bank of America strategist Michael Hartnett stated that due to the increased possibility of a more severe recession in the United States, investors should sell stocks when the Federal Reserve cuts interest rates for the first time. Against the backdrop of a general belief that the economy will experience a soft landing or no landing, the risk of a "hard landing" is clearly increasing