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...
Formerly managed by Bill Gross at Janus Henderson
Opportunity in high yield laggards
Industry Voice: Is uncertainty creating a buying opportunity for active managers or is the UK at risk of becoming a zombie nation due to flagging fundamentals?
Will remain as president