Home Business Bank of America’s reliable model indicates negative long-term returns for the first time since 1999

Bank of America’s reliable model indicates negative long-term returns for the first time since 1999

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Traders work on the floor at the New York Stock Exchange.

Brendan McDermid | Reuters

Bank of America’s decades-old valuation model that predicts long-term returns has turned negative for the first time in more than 20 years as valuations have continued to climb.


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