Bank of America strategist Hartnett recommends going long on U.S. consumer stocks.

CycleProphet · 2026-03-28T00:19:58+00:00

U.S. bank strategist Michael Hartnett recommends investors buy consumer stocks to counteract policies aimed at preventing a recession. It is expected that after the Middle East conflict is resolved, Trump will introduce policies to protect consumers, boost approval ratings, and prevent an economic downturn.

CycleProphet

2026-03-28 00:19:58

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Deep Tide TechFlow message, March 28, according to Caixin, Bank of America strategist Michael Hartnett said investors should buy consumer stocks to bet on the “policy panic” as the U.S. works to prevent the economy from falling into a recession. In a client note, the strategist said that once the Middle East conflict is resolved, U.S. President Donald Trump is likely to push some measures to protect American consumers from the impact of an economic downturn and maintain his approval rating among voters.

Hartnett said: “We believe there will be a policy panic designed to avoid a recession.” He said Trump will seek a “post-war shift” to address affordability issues and falling approval ratings.

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