BofAML: 2018 so bullish it’s bearish!

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From the BofAML presser:

A Year Ahead Forecast So Bullish, It’s Bearish

BofA Merrill Lynch Global Research today issued a bullish macro outlook for 2018, calling for robust global economic growth, steady U.S. expansion and solid stock returns that peak in the first half of the year. However, it warns of signs that the long bull market run is nearing the end of its leash, triggering a mid-year pullback alongside potential for some of the best returns in the last gasps of the cycle.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.