Traders May "Sell The Inauguration" But BofA Is Not Calling For "A Big Short" Yet
Along with most of his Wall Street peers, BofA's Chief Investment Strategist Michael Hartnett flipped his outlook on risk assets shortly after the election, turning from quietly bearish to vocally bullish and forecasting a substantial rise in US equities, and even more substantial bounce for Japanese, European and UK stocks as well as oil.
So far, Hartnett has been correct, and according to recent fund flows, much of the investing community agrees.