US stock market bubble may pop soon after Wall Street’s coronavirus bonanza, Bank of America warns

The second-largest

The second-largest US lender, Bank of America, has warned that the “extreme rally” seen after the market crash triggered by the pandemic formed a bubble in asset prices, and it could be about to burst.

“DC’s policy bubble is fueling Wall St’s asset price bubble,” wrote a group of analysts at Bank of America led by Michael Hartnett, as quoted by Bloomberg.

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