Merrill Lynch On Housing And The S&P 500

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IN THIS ISSUE • Macro Strategy—Housing activity and prices are currently picking up, supported by a convergence of cyclical, structural and behavioral forces. This is a positive backdrop for housing-related stocks and will support the recovery in the overall business cycle.• Global Market View—Equities have remained resilient in the face of rising virus cases with the S&P 500 trading near…

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