Wall Street’s ‘wall of money’ is at odds with the struggling market — but one expert says not to worry

economy

BI Grahics/Anaele Pelisson

  • The heavy recent inflows to equity funds don’t match up with what Bank of America Merrill Lynch calls “lackluster” cross-asset returns.
  • One Wall Street expert thinks the stock market can recover and even hit new highs in the coming months.

A quick glance at a chart of US equity performance suggests the market is rebounding nicely from the 10% correction it suffered in early February. And while it hasn’t exactly been a smooth ride, the benchmark S&P 500 is still just 4% from its all-time high.

But Bank of America Merrill Lynch says it should be doing even better, considering the mountain of cash being poured into stocks.

See the rest of the story at Business Insider

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