Tuesday, October 27, 2020

Tag: BAML: STOCKS ARE “ON BORROWED TIME”

BAML: STOCKS ARE “ON BORROWED TIME”

by Mac Slavo, SHTF Plan:

So far, the only key indicator of a strong economy, the stock market, has remained seemingly immune to what’s going on in Main Street America’s economy.  But according to Bank of American Merrill Lynch (BAML), the stock market is “on borrowed time.”

The flattening of the main measure of the U.S. Treasury yield curve already spelled trouble for stock-market investors that have been on the back foot from escalating geopolitical concerns and simmering trade tensions, analysts at Bank of America Merrill Lynch said in a Tuesday note ahead of the inversion.