BAML Warns Of Major Risks, Sees Crash Ahead, But …….. Buy The Dip

As Bank of America Merrill Lynch’s Benjamin Bowler looks at the placid, quantitatively engineered markets and correlates it with the unusual geopolitical and regional occurrences that have transformed the landscape, he emerges with one central thought. “Risk is not fake news,” he concludes in the title of a December 6 research piece. The derivatives expert can see through the market’s fog and he is concerned amid a world where “volatility across asset classes has decoupled from uncertainty.” With all these odd market bending concepts acting like . . .

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