Bank of America warns of recession in mid 2017

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There’s a chilling trend in the market, and it could wreak havoc on your portfolio, a top market watcher said.

“We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand,” Bank of America-Merrill Lynch’s head of U.S. equity and quantitative strategy Savita Subramanian recently warned on CNBC’s ” Fast Money .”

“We looked at all of these indicators that have been pretty good at forecasting recessions and we extrapolated that if they follow the current trends they’re on, we’re going to hit a recession sometime in the second half of next year.”

The most unsettling thing is that this recession risk isn’t discounted into the market at these levels, according to Subramanian.

read more at cnbc.com

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About Gregory Coleman

Gregory has an extensive background as an editorial director for some of the webs most popular news sites. He enjoys spending time with his family, outdoor adventures, and taking in live music shows while living in the growing city of Austin, TX. Hook ’em Horns!

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