BOA: Icarus Trade Is Ending Get Ready For Humpty Dumpty

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Rupert Hargreaves
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Updated on

The Icarus trade is still in play, but only just according to Bank of America Merrill Lynch’s chief investment strategist Michael Hartnett and team in their 30 March global investment strategy research note. The Icarus trade is Bank of America’s final melt-up trade. Based on the story of the carpenter’s son who flew too close to the sun with his wax wings, the Icarus trade refers to the irrational exuberance of markets and their final melt-up before crashing down as fundamentals fail to live up to investor expectations. Icarus Trade Is Ending Get Ready For Humpty Dumpty There’s no exact…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk

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