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.