Investors In Deflationary State Of Mind: BAML

Bank of America Merrill Lynch’s Michael Hartnet, head of global investment strategy, is “in a deflationary state of mind,” as the title of the latest research report implies while their team watches the fund “flow show.” The simultaneous buying of deflationary and selling inflationary assets Investors are “buying deflation” Hartnet and his team of Brian Leung and Garrett Roche write in a January 28 report. They observe four straight weeks of “robust” asset inflows into government and Treasury bond funds. In fact 19 straight weeks of muni bond inflows provide framing for the fact that since the second half of…