BofA sees rising risk of a large ‘fragility’ shock heading into the fall

MarketWatch/Vivien Lou Chen

Repost from 8-26-2021

cartoon image of a complacent reader contentedly smoking his pipe reading the newspaper“New highs in equities this week ‘will merely encourage more of the investor behavior that historically precedes larger fragility shocks,’ according to a BofA Global Research note released Tuesday.”

USAGOLD note: Bank of America elaborates on one of many possible black swan scenarios as we move into the autumn investment season. Its advice is likely to be ignored, and investors, by and large, are likely to remain in a state of satisfied contentment.

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