Risk factors include higher interest rates and the U.S. election
by Sue Chang
If you gathered a group of stock analysts in a room, odds are each analysts would have a different view on the market.
So when analysts from three big investment banks are on the same page, it might pay to listen.
Bank of America Merrill Lynch, Goldman Sachs and J.P. Morgan are all urging investors to rotate out of equities because they see a painful summer ahead.
“An increasing number of trends worry us as we head into summer,” said Savita Subramanian, an equity and quantitative strategist at Bank of America Merrill Lynch.