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News Link • Central Banks/Banking

Barclays Was Right: It Is A Melt-Up; And This Is How BofA Expects It Will End

•, Tyler Durden

Despite where the markets are in equities, we have not seen money being put to work," Barclays went so far as to make Fink's prediction its base case, and last Wednesday the bank's equity strategist Maneesh Deshpande said that a market melt-up scenario was now his "base case", explaining that "after the truce in the U.S.-China Trade War post the G20 meeting in Osaka, the "melt-up" scenario we had outlined previously is now our highest probability outcome, leading us to update our 2019 S&P 500 price target to 3000.

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