More Charts
There’s been a growing disconnect in stocks. Over the last few weeks, we’ve highlighted versions of the following chart from Bank of America Merril Lynch, which shows that US equity funds have seen massive outflows this year while stocks continue to climb to record highs. The big questions surrounding this disconnect relates to where the outflowing cash is being invested and who’s propping up […]
ReutersOn Thursday morning, the employment cost index, or ECI, for the first quarter will be released. Unlike the average hourly earnings number released in the monthly jobs report, the ECI is a more comprehensive measure of compensation, taking into account things like how much employers spend on things like benefits in addition to wages. Currently expectations are for the report to show […]
REUTERS/Heino KalisStock market bulls are back in control.Something has changed in the stock market. In early October, bond yields fell, stocks dropped, and people began throwing out comparisons to the violent stock market crash of 1987. But since the October 15 bottom, stocks have rallied back to new record highs, but the reasons why make Bank of America Merrill Lynch strategist Michael […]
Read More’Sell in May’-is it on or off?: Kenny Polcari Michael Hartnett, chief market strategist at BofAML, believes an improving macro environment coupled with high cash levels and diminishing geopolitical threats will lead to an “irrational exuberance” run that will catch fire during the summer. The best trades, Hartnett said in a note, will […]
