BAML “The Final Melt-up”

Cyclicality is on the rise as Japan, equity market inflows alongside credit and gold make up a basket of long market exposure, an August 11 Bank of America Merrill Lynch research piece notes. Market prices and inflows are tending increase while the bank’s Bull & Bear Indicator shows “sentiment getting more bullish but not yet at an extreme.”     BAML notes Japanese equities see largest inflows since January, while others eye central bank stimulus impact on “melt-up” At $1.6 billion, Japanese equities have seen their largest inflows since January of this month, a “The Flow Show” report from BAML’s…