Hedge Fund CIO: “This Bubble’s Gonna Be A Big One… Real Big”

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Last Friday, when discussing the potential consequences of what would happen if the Fed cuts rates, and why BofA believes that such an act would represent a huge risk to the market and economy, is that following the May slump, the foundations for the S&P rising to 3,000 in the summer – which is BofA’s base case – are already there. Which is why, the risk is that the Fed does precisely what the market now expects with certainty, that

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