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Bloomberg
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BofA's Hartnett: Buy Consumer Stocks to Hedge Against Recession Risk
Bank of America's Michael Hartnett recommends buying consumer stocks as the best way to play "policy panic" as the US tries to avoid a recession. He argues that government and central bank intervention will benefit consumer-focused companies. The advice comes amid growing fears of an economic slowdown in the United States.
Investors should buy consumer stocks in a way to play “policy panic” as the US strives to prevent a recession, according to Bank of America’s Michael Hartnett.