The ‘Great Bull’ market is ‘dead,’ and here’s what’s next, Bank of America Merrill Lynch predicts

CNBC/Jeff Cox/9-19-2018

“In that climate, he advised investors to focus on ‘inequality, innovation and immortality, that would benefit pharma companies and technology disruptors, along with inflation plays in commodities, value stocks and markets outside the U.S. and Canada. . .Yet the Fed is now saying ‘this time is different’ and a flat/inverted curve won’t stop them hiking,’ he said. ‘A much more hawkish-than-expected Fed is the most likely catalyst for fresh losses across asset markets.'”

[Emphasis added.]

 

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