Bloomberg
BofA Is Bearish on Markets and Sees ‘Rates Shock’ Coming in 2022
(Bloomberg) — Bank of America Corp. strategists are bearish on markets next year and urged investors to focus on preserving cash as faster inflation and higher interest rates upend the trajectory of global asset prices. Most Read from BloombergNew York City Is Building a Wall of Oysters to Fend Off FloodsAsia’s Richest Man Looks to Walton Family Playbook on SuccessionA Denser City, But at What Cost?The Women Behind Historic House DesignsFrom Bathhouses to Fisheries, Hidden Inflation Is Creeping
