Greed and fear drive the markets, and we're starting to see signs that fear may be taking hold. Multiple analysts have pointed out that investors are starting to take up more defensive positions, but despite the growing concerns, the market isn't in full-blown panic mode yet.
Prepare for the next big financial "event"
In their Nov. 21 "Flow Show" report Bank of America Merrill Lynch analysts updated flows around major assets. BofAML Chief Investment Strategist Michael Hartnett and team highlighted the latest Fed hiking cycle and noted that tightening cycles always end with some kind of financial "event."
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