Investment Strategist: Research Note and Equities Markets

investment strategist: Alas, Icarus ignored his father's warnings and flew too close to the sun, melting his wings and plunging back to earth, according to Market Watch. It is a narrative that Bank of America Merrill Lynch analysts led by Michael Hartnett, the firm's chief investment strategist, want investors to heed. He was the son of Labyrinth-designer Daedalus, who fashioned him a pair of feathery wings held together by wax. Hartnett & Co. in a research note dated Jan. 8, make the case that the so-called Trump rally named so because of the boost stocks have enjoyed on the promise of the president-elect Donald Trump's policies that appear to be pro-business, light on regulation and a boon for equities markets could see more upside in the first half of 2017. The Dow Jones Industrial Average DJIA, -0.16% already has enjoyed an 8.5% rise since the U.S. presidential election, while the S&P 500 SPX, 0.00% and the Nasdaq Composite COMP, 0.36% indexes both have gained more than 6% during that period. But they warn that after a minor speed bump this month and next, stocks and commodities could rise another 10%. After that, the market could be primed for a significant downturn, they said. (news.financializer.com). As reported in the news.