BofA top banker Rick Sherlund predicts 2023 tech comeback, delivers bullish software call
Publishing timestamp: 2023-01-06 00:52:48
Summary
Bank of America's top banker Rick Sherlund believes that optimism surrounding technology stocks will make a comeback this year, and that the move to high-growth areas such as cloud will provide a long-term boost to software stocks. He also believes that stability in the Federal Reserve's interest rate hike trajectory will spark deal-making by helping the leveraged finance market.
Sentiment: POSITIVE
Keywords: covid-19 pandemic, investment strategy, interest rates, mergers and acquisitions, nasdaq composite, layoffs, wall street, financial crisis, software, debt and bond markets, markets, bank of america corp, recessions and depressions, stock markets, software industry, earnings, business news, technology, jobs,