Bloomberg: BofA’s Hyzy Says Buy Dip in U.S. Stocks on Maximum Bearishness

“BofA’s Chris Hyzy, who advises wealthy clients with assets totaling $2.7 trillion, said that investors are just starting to reallocate their cash toward equities and will need to see “constant” confirmation that coronavirus medical treatments and trials in April and May are working before they deploy their dry powder. Once the prospects of a vaccine […]

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Business Insider: Bank of America’s wealth management chief overseeing $2.7 trillion shares 3 permanent changes investors must make to thrive in a market ravaged by coronavirus

The world will look very different when the coronavirus outbreak recedes and strict social distancing measures are lifted. Financial markets will also not be the same on the other side, according to Chris Hyzy, the chief investment officer of Merrill and Bank of America Private Bank, which collectively manage $2.7 trillion in assets.    Read More   […]

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The Wall Street Journal: Stocks Gain as U.S. Economy Signals Strength

“It’s really a tug of war between good solid earnings growth, employment prospects in the United States versus the China issue related to the coronavirus,” said Joe Quinlan, head of CIO Market Strategy for Merrill and Bank of America Private Bank. “The two largest economies in the world, they’re tacking in different directions in the […]

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