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Workers pass the bull in New York’s Financial District.
Workers pass the bull in New York’s Financial District.
(David Karp/AP)

Bank of America: Why the bull market isn’t over

Five years and all is well. That’s the takeaway from Michael Hartnett’s note marking the fifth anniversary of the bull market on Thursday.

“We believe the bull market is far from over,” said Bank of America’s chief investment strategist. “Neither inflation nor recession features in our macro base case. High corporate and investor cash levels are more visible than greed and leverage. And central bankers remain in ‘whatever it takes’ mode.”