S&P 500 peak, global growth slowdown and FX volatility: BofAML's 10 macro calls for 2019
Risk-off until spring
BofAML’s top 10 macro calls for 2019
Bank of America Merrill Lynch has forecasted the "bear market vibe" to continue into the first half of 2019 as it makes its top ten macro predictions for the coming year, but added it expects to turn "tactically risk-on" in late spring.
The bank's research team predicts modest gains across both equities and fixed income in the coming year, but cautioned the squeeze on liquidity from higher rates and a flattening yield curve would create...
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