Bank of America has blunt message on stocks and bonds for Q2

Bank of America technical analyst Paul Ciana is warning that the second quarter looks challenging for equities, bonds, and gold. His March 27 report sees the US dollar and oil as the two assets best positioned to hold strength into mid-year. Most everything else faces downside risk. Recent market moves have reinforced earlier BofA forecasts. Rising Treasury yields, a firmer dollar, and higher oil prices are all tracking in the direction the bank expected. Ciana says those trends are likely to continue un ...