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BANK OF AMERICA: Cracks are showing in the case for staying bullish on stocks





A crack runs through a mountain road as a police car approaches after an earthquake outside Jiuzhaigou, Sichuan province, China, August 10, 2017. REUTERS/Thomas Peter

  • The bullish case for stocks is starting to show cracks, according to Bank of America Merrill Lynch’s chief investment strategist.
  • A monthly survey of fund managers found that a trade war was now considered the biggest tail risk.
  • Still, large investors remain “ominously” bullish, the chief investment strategist said.

Cracks are emerging in the case to stay bullish on stocks, according to Bank of America Merrill Lynch.

Topping the list of large fund managers’ tail risks — events investors think are unlikely to happen but very well could — is a trade war.

The last time BAML’s monthly survey found this to be read more >>>

Source:: BusinessInsider.Com

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