Bank of America CEO Predicts Tariff De-escalation by 2026
- Tariff Impact Analysis: Bank of America CEO Brian Moynihan stated that Trump's tariff policies have significantly disrupted U.S. economic growth, although he anticipates a reduction in trade tensions by 2026, with average tariffs holding around 15%.
- Small Business Challenges: Moynihan noted that small businesses faced significant challenges in Q2 primarily due to tariff hikes and uncertainties in trade policies, but they began to experience relief as tariffs started to decrease.
- Market Confidence Recovery: He emphasized that the shift from a 10% to a 15% tariff is not substantial, indicating that market tensions are easing, which could help restore investor confidence.
- Future Policy Outlook: Moynihan also mentioned that the Trump administration might formally propose a $2,000 tariff rebate check to Congress next year, further influencing market expectations and the operational environment for small businesses.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000327 | 0.0144 | 0.0254 | 0.0395 | 0.0505 | 0.0646 | 0.0756 |
| Fibonacci | 0.0144 | 0.024 | 0.0299 | 0.0395 | 0.0491 | 0.055 | 0.0646 |
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