Contrarian Themes Are Outperforming Consensus Themes

Major U.S. stock indices are in the red again on Monday as investors remain unable to make up their minds. Investors poured cash into bonds, equities, government bonds and gold last week but unloaded financial stocks, investment-grade bonds and tech stocks. Q3 hedge fund letters, conference, scoops etc Bank of America Merrill Lynch analysts say they’re seeing this year’s contrarian themes beat consensus themes, which means investors are shunning quality, liquidity and volatility in favor of junk, leverage and beta. Investors go risk-on BofAML Chief Investment Strategist Michael Hartnett and team said after their firm’s Bull & Bear Indicator hit…