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Truthmatters
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A continued bull market, steady growth in the U.S. economy and higher yields are all on the horizon in 2014, according to Bank of America Merrill Lynch Global Research’s outlook published today.
BofA analysts at a conference in New York forecast macro conditions in 2014 will hold “inherent upside risk in a vigorous bull market for the U.S. dollar and a low, but rising interest rate environment.”
Additionally, the Charlotte, N.C.-based bank (NYSE: BAC) — the third-largest bank in metro Atlanta with 143 branches and $22 billion in local deposits — believes markets will be volatile but made a bullish case for equities and real estate, with a bearish outlook on rates and commodities. Stock market gains in 2014 are predicted to be less than 2013 but still higher than the consensus, BofA said, as high-quality U.S. companies “unleash value.”
A continued bull market, steady growth in the U.S. economy and higher yields are all on the horizon in 2014, according to Bank of America Merrill Lynch Global Research’s outlook published today.
BofA analysts at a conference in New York forecast macro conditions in 2014 will hold “inherent upside risk in a vigorous bull market for the U.S. dollar and a low, but rising interest rate environment.”
Additionally, the Charlotte, N.C.-based bank (NYSE: BAC) — the third-largest bank in metro Atlanta with 143 branches and $22 billion in local deposits — believes markets will be volatile but made a bullish case for equities and real estate, with a bearish outlook on rates and commodities. Stock market gains in 2014 are predicted to be less than 2013 but still higher than the consensus, BofA said, as high-quality U.S. companies “unleash value.”