Description: Bank of America’s Michael Harnett writes that slowing growth, rising interest rates and too much debt killed the rally. The market that takes its place will feature lower returns in assets that suffered during the recovery. That means shifting focus to pharmaceutical companies and tech disruptors.
Source: CNBC.com – video report
Date: Sep 18, 2018
Questions for discussion:
- Summarize the key points suggesting the end of the bull market.
- Do you agree with this assessment?