Latest research piece from Bank of America / Merrill Lynch on the stock market
- Evidence growing that global inflation is picking up
- Bank of America Merrill Lynch says investors should buy into tangible assets
- Rotate out of expensive stocks and bonds
- Says the relative price of real assets (which includes real estate and commodities) against financial assets, namely stocks and bonds, is at its lowest since 1926
(Guess he isn't referring to Sydney houses here?)
- Says its time to prepare for rising inflation, a pull back in central bank stimulus and infrastructure spending from a wave of fiscal stimulus
This via the Australian Financial Review, more there, may be gated
