A U.S. Federal Reserve rate hike this September is priced into the market, says research from Bank of America Merrill Lynch, but is a rising stock market setting up to become a “risk rally” before the September rate hike? BAML Stock market stands tall in face of a wall of worry The stock market appears to be climbing a wall of worry, as “bearish sentiment” is credited for the “gutsy resilience of stocks to Greece, China, Fed (rate hike) and (high yield investments),” BAML’s Chief Investment Strategist Michael Hartnett observed in their most recent hedge fund survey along with strategists Brian Leung and…
BAML Fund Survey: Doom And Gloom Abound
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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