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“Sell The Vaccine”: Euphoric Wall Street Goes “Full Bull” As Optimism Hits 20 Year High, Prompting BofA To Turn Bearish

Last Friday we reported that after looking at the wave of euphoric bullishness sweeping across on Wall Street sparked by a combination of a (newly) bullish lack of a blue wave coupled with imminent vaccine hopes, BofA’s Chief Investment Officer stood out amid the crowd of Wall Street cheerleaders and urged the bank’s clients to…

In Stark Reversal To Wall Street Bullishness, Bank of America Now Says To “Sell The Vaccine”

To say that this week’s Pfizer virus news was seen by markets as positive for risk assets would be an understatement: according to BofA’s Chief Investment Strategist Michael Hartnett, this week’s inflow into equities was an all-time record of $44.5 billion… … which consisted of:  US equities $32.5bn inflow = 2nd largest ever; EM equities…