BOA: Icarus Trade Is Ending Get Ready For Humpty DumptyRupert Hargreaves
The Icarus trade is still in play, but only just according to Bank of America Merrill Lynch’s chief investment strategist Michael Hartnett and team in their 30 March global investment strategy research note.
The Icarus trade is Bank of America’s final melt-up trade. Based on the story of the carpenter’s son who flew too close to the sun with his wax wings, the Icarus trade refers to the irrational exuberance of markets and their final melt-up before crashing down as fundamentals fail . . .
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