BofAML’s Stark Warning: “Sell Before It’s Too Late”

Well, BofAML isn't mincing words to start the week. In a note dated Monday, the bank has the following rather unequivocal message for clients: Yes, "sell before it's too late." Their rationale? Simple: the US economy is rolling over as is clearly evident from the incoming data. But more interesting is the bank's take on the Fed hike. Essentially, BofAML says there's no way in hell the Fed is looking through poor inflation prints, etc. In reality, what they're doing is responding to financ