FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch explained the Fed's "print & regulate" mantra has boosted Wall St.
"The longer it takes for growth and rates to normalize, the greater the risk of speculative credit excesses (and a policy response to curb speculation)”.
“Our base case remains higher growth/yields/$. Bank lending & small business confidence hint at H2 macro & rate normalization”.
“If so, expect an autumn correction in risk assets (hence "I'm so bullish, I'm bearish"). Either way, volatility will rise”.