Serenity criticized some of Bank of America’s market views in a post on X, saying they could mislead retail investors.
According to Odaily, Serenity said Bank of America described South Korea’s KOSPI index and the iShares MSCI South Korea ETF (EWY) as being in an “extreme bubble,” comparing the situation to a sharp silver drop in March, which Serenity said prompted some retail investors to sell their holdings.
Serenity said South Korean equities later continued rising, nearly doubling and reaching record highs.
Serenity also said Bank of America recently projected three interest-rate cuts in 2026, which Serenity claimed diverges significantly from derivatives market pricing. Serenity said the market currently assigns a near-zero probability to that scenario.
Serenity added that such forecasts could trigger panic among retail investors and said the projection conflicts with the Trump administration’s earlier stance of pushing for rate cuts. Serenity described the bank’s forecast as harmful when distributed to retail investors.
Serenity Criticizes Bank of America’s Market Calls on South Korea Stocks and 2026 Rate-Cut Outlook
2026-06-23 05:43:43
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