• BANK OF AMERICA: A 'summer pain trade' is coming for investors with a rosy view of the global economy

    7 days ago - By Business Insider

    Bank of America Merrill Lynch's Global Wealth & Investment Management clients are betting on higher economic growth and interest-rate increases that don't destabilize the stock market, the firm said in a note on Thursday.
    Michael Hartnett, the chief investment strategist, says these views will be challenged in the summer.
    He's referred to investors as "the thundering herd," and identified some popular trades that may be indicative of pain ahead.
    Bank of America Merrill Lynch is telling its super-rich clients to get ready to sell any stock market rallies this summer.
    Michael Hartnett...
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