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BofA: Market sees 50-50 chance of recession
Bank of America Merrill Lynch sees a 25 percent chance of a recession, but says the market is pricing in a 50 percent chance of a recession in the next 12 months. "In our view, not only is fear trumping fundamentals, but the fundamentals for the equity market are worse than for the overall economy," the firm said in a note. It also lowered the number of rate hikes it expects from the Federal Reserve, saying "'gradual' now means two rather than three or four hikes this year, we believe." BofAML also lowered its expectations for the U.S. dollar, now forecasting the euro/dollar value to reach parity by the end the year, ... (full story)
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- newzTrader
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When you hit 50, coffee becomes part of a proper modeling pipeline.
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Libenter homines id quod volunt credunt
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