Market View January 2020: Headwinds Turning Into Tailwinds
As we begin 2020, we would first like to review 2019 and then offer our thoughts for the coming year.
BA/Merrill Lynch Investor Sentiment Survey – A Positive Contrary Indicator
The latest Bank of America / Merrill Lynch survey of institutional investment managers showed incredibly high allocations to cash. To us, this is a positive contrary indicator.