BofA Strategist: Don't Buy the Dip Yet, Three Signals Must Flash First

Stocks suffered a sharp selloff this week, but Bank of America strategist Michael Hartnett is urging investors not to rush back in just yet, according to MarketWatch.

Hartnett pointed to developments outside the equity market itself, in other asset classes, as the conditions that need to fall into place before a confident return to buying stocks makes sense. He framed it as three distinct signals that must align before the moment is right.

The warning lands at a tense moment for markets, with the recent downturn fueling uncertainty about whether the drop is a brief pullback or the start of something longer. Hartnett's comments, reported by MarketWatch, suggest caution rather than a rush to call a bottom.