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A popular SA author posted an article about Bank of America (NYSE:BAC) failing shareholders. The author makes some good points especially regarding BofA’s massive balance sheet and the need for a.
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In Bank of America’s latest monthly survey of Fund Managers which polls 183 participants with $526bn in AUM, BofA Chief Investment Strategist Michael Hartnett found what many had expected: euphoria is officially the only sentiment that matters in the market, to wit: "Investors are long, unprotected, & say equity bull market continues to 2019."
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A growing economy – combined with an expected regulatory makeover, a tax overhaul slashing corporate rates and a slowly increasing interest rate environment – is a good sign for BofA. hell to get.