Market optimism over the potential for interest rate cuts next year is dangerously overdone, according …
Read More »A Merrill Lynch indicator sees another 19% gain in 2018
Stocks could pop nearly 20 percent in 2018 according to a contrarian indicator from Bank of America Merrill Lynch which predicted last year’s surprising surge. The investment bank’s so-called Sell Side Indicator measures the average equity allocation recommended by its fellow Wall Street bank peers. The indicator shows Wall Street …
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