Research Watch

The “great rotation”, Soros on the euro, a looming correction, Goldman’s bearded leader, and hedge fund fisticuffs.

There has been a great deal of talk about a ‘Great Rotation’ from bonds into equities in recent weeks, and now Bank of America Merrill Lynch’s chief investment strategist is out with a handy chart illustrating exactly how it might work. However, Citigroup says the paradigm shift is probably still a year away, and Gary Shilling argues the deleveraging era could run another five. Meanwhile, George Soros and Deutsche Bank are backing the euro, but Marc Faber warns of a “1987 redux” in the seemingly stabilised economic zone. Also this week, PIMCO may be building a bond disaster, four notes on Lloyd Blankfein’s new beard, and researchers at New York University have come up with a sneaky tactic to avoid the fallout from negative company announcements. On video, hedge fund titans Bill Ackman and Carl Icahn go head to head on CNBC, in a segment Jim Cramer calls the greatest moment in financial TV — ever.

(Michael Hartnett, Bank of America Merrill Lynch’s chief investment strategist, January 29)


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