Investors’ options looking increasingly squeezed as global stock markets catch-up to the US
Stockpickers still putting their chips on a cyclical recovery but ‘a lot is already priced in and a pause may be warranted’
BaML
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Trump flows show no sign of reversal but beware of ‘hippie daze’ – BAML
While investor sentiment on the US economy remains stubbornly bullish, this could give way to volatile conditions similar to those seen before the 1973 stock market crash, according to Bank of America Merrill Lynch.
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PA ANALYSIS: Is this the start of the euphoria we have been waiting for?
If the fund managers surveyed on a monthly basis by Bank of America Merrill Lynch are any indication, animal spirits have returned.
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Fed rate hike means risk rally could be short lived – BAML
Bank of America Merrill Lynch suspects bank lending conditions will force the hand of the Federal Reserve, clipping the current risk rally.
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Treasuries and cyclicals valuations stretched after Republican clean sweep – BAML
The outcome of the US election has triggered a largescale sell-off of bonds and splurges on cyclicals, according to data from Bank of America Merrill Lynch.
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PA ANALYSIS: With the election over Trump risk heads east
Winter is coming, but instead of flying south the flock of black swans that has pecked away at 30 years of globalisation this year is heading east toward Europe.
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IG and government bonds hit as eurozone inflation worries rise
Eurozone investment grade and government bonds continued to see outflows as inflation expectations rose, according to Bank of America Merrill Lynch research.
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PA ANALYSIS: Are markets in the eye of the storm?
Humans have a remarkable capacity for adaption and the investment management sector is no different.
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Chinese equity rout slows but at what cost?
Chinese markets rose on Thursday, bringing relief from the frenzied selling that had characterised markets over the past few days and hope that the authorities increasingly heavy-handed measures to stop the rout had finally begun to work.