Bank of America's chief equity strategist Michael Hartnett highlights key sectors to buy and sell in May amid signs of a potential U.S. economic upswing. He notes that semiconductors, oil shares, Taiwan stocks, tech stocks, and AI-related plays are currently overbought and may face corrections. Conversely, oversold sectors such as China tech, global defense, healthcare, and Treasury bonds could see gains if positive developments occur, especially from the Persian Gulf. Hartnett's insights suggest a cyclical economic recovery might be on the horizon if bond yields remain controlled.
The United States Oil Fund (USO) has risen 114% year to date as crude prices rally, but over the past decade it returned only about 57%, roughly half the gain of spot WTI crude. This discrepancy is caused by roll costs, where USO must continually sel...
West Texas Intermediate crude oil prices surged from $57 to around $112 per barrel in 2026, driven by geopolitical tensions around the Strait of Hormuz involving Iran. This has created a sustained risk premium on seaborne oil, benefiting futures-base...
