Deep Tide TechFlow News, March 28th, according to Cailian Press, Bank of America strategist Michael Hartnett stated that investors should buy consumer stocks to bet on “policy panic” as the U.S. strives to prevent the economy from falling into recession. The strategist said in a client report that once the Middle East conflict is resolved, U.S. President Donald Trump is likely to push for measures to protect American consumers from economic downturn and maintain his support among voters.
Hartnett said: “We believe there will be policy panic aimed at avoiding a recession.” He added that Trump would seek to “shift focus post-war to address affordability issues and declining approval ratings.”
