Bank of America's chief investment strategist, Michael Hartnett, has warned that the stock market may be just one day away from forcing action. He identified four market thresholds that, if breached, would trigger intervention. These include the S&P 500 below 6,600, only about 1% below its close, and the 30-year Treasury yield above 5%. Hartnet also highlighted the potential for a "war/oil/Fed/tariff policy response" to short-circuit Main St risks. The combination of soaring oil prices and a deepening Iran conflict has put the market on a knife-edge. He suggested that a government response could include tax relief, reduced inflation pressure, and a deescalation of the Iran war.