Don't Bank on Strong Profit Growth to Sustain the Stock Rally
American flags hang on display outside the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 22, 2018.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
Counting on widespread global growth and double-digit profit gains juiced by tax cuts to propel U.S. stocks higher this year?
Then Bank of America Merrill Lynch has some cautionary words for you: Don’t bank on it -- but try to keep a sunny disposition. In the short term, that might end up being more important for your P&L.