Heating Up: “Stock market ‘melt-up’ coming soon: Bank of America”
December 17, 2019
“The stock market is spring-loaded for a big start to 2020, according to strategists at one Wall Street bank. The market is “primed for Q1’2020 risk asset melt-up,” Bank of America strategists Michael Hartnett and Tommy Ricketts wrote in a Dec. 12 note, pointing to receding risks from the trade war and Brexit.
The strategists expect “returns to be front-loaded in 2020” with the S&P 500 surging more than 5 percent to 3,333 by March 3 and the yield on the 10-year note climbing by 35 basis points to 2.2 percent by Feb. 2…”
https://www.foxbusiness.com/markets/stock-market-melt-up-coming-bank-of-america