{"title": "Bank of America strategist: U.S. stocks can avoid a bleak outlook if bond yields remain below 5%", "body": "According to Golden Ten Data, Bank of America strategist Michael Hartnett said that as long as bond yields If the rate remains below the historical high of 5%, then U.S. stocks can avoid a bleak outlook. He said that in this case, the S&P 500 index can continue to remain above 4,200 points in the short term. He believes that if it falls below this level, Drivers include a stronger U.S. dollar, rising yields, oil prices above $100 a barrel and "clear signs" of rising unemployment as a result of tight credit to small businesses. The 4,200-point mark is close to the benchmark index's 200-day moving average, which has been Considered a key technical support level that traders use to assess whether the long-term trend is up or down. The S&P 500 fell near this level in early October as U.S. Treasury yields soared to their highest levels in 16 years."}