Strategists at Bank of America-Merrill Lynch revised their year-end target for the S&P 500 higher, telling clients that the "great rotation out of bonds into stocks" had yet to materialise, predicting corporations would use their tax windfall on slashing debt and M&A, as well as on share buy-backs and investment. What's more, on a historical basis, shares still looked "cheap" to them - relative to bonds. "While 2017 saw building optimism, 2018 may be the year of euphoria. While valuations have ...Den vollständigen Artikel lesen ...