BofA Turns Bullish on Stocks, Commodities and Says Time to Buy
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More than $200 billion of equity outflows. That may be what it took for the BofAML Bull & Bear Indicator to finally flag a contrarian “buy signal,” its first since Jan. 3.
Bank of America Merrill Lynch is bullish on risk assets for 2019, particularly stocks and commodities. Investors’ positioning, as well as dovish monetary policies are giving impetus to the view. The bank’s strategists highlighted that the trade war has so far pushed interest rates lower, rather than triggering a recession.