(Bloomberg) — Financial markets are set for a “risk asset melt-up” in the first quarter of the new decade, according to Bank of America Corp.As Brexit and trade war risks recede, and with the Federal Reserve and European Central Bank still adding liquidity, the outlook for the beginning of 2020 is bullish, strategists including Michael Hartnett wrote in a Dec. 12 note to clients.“We continue to expect returns to be front-loaded in 2020,” the strategists said. Positioning is turning bullish and December’s global fund manager survey on Tuesday should confirm the positive sentiment, they added.The strategists expect the S&P 500 …read more
Source:: Yahoo Finance
