BANK OF AMERICA: Market bulls have been ‘silenced’ — but there are 2 big reasons why they refuse to give up on stocks

Bank of America Merrill Lynch’s fund-manager survey shows a handful of statistics that suggest bullish sentiment has been tempered. Yet the stock market continues to climb higher, and BAML sees two reasons why investors are so reluctant to throw in the towel.

As the stock market has shaken off recent turbulence and continued its long-running chug higher, some shifts have occurred under the surface that suggest investors aren’t as confident as they seem.

For

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