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Seth Golden posted an update 4 years, 1 month ago
BofA Hartnett: Price: historic price rallyPositioning: neutral
Policy: stimulus peaking
Profits: bull surprise
Pandemic: rising risk
Politics: potential risk
Conclusion: S&P500 range 3300-3600, market tops between election and inauguration, buy laggards (banks, energy) and own volatility.
Chart: we top on Q3 EPS ≈ $140 + SPX @ 3600 PE of 25x tasty
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