#baml oil supply reaching max in Q2. 2015 price average for Brent is $77 and WTI is $72.
#baml Fed is going to be patient. No pressure on Fed to slam on the brakes as ECB and BOJ loosening. Expect steeper curve than consensus.
#baml 2015 forecast for S&P 500: up 7% with end year target of 2200. See 5% positive earnings growth. S&P earnings of $124 by end 2015.
#baml emerging markets. The expectation is for a modest pickup in growth.
#baml Europe – the best you can hope for is muddle through. Growth of 1% doesn’t fix problems and high unemployment. Similar story in Japan
#baml USD will still work even though crowded trade as US rates going up and Europe and Japan rates moving in opposite direction.
NEW YORK (Reuters) – Mourners in New York held a funeral on a rain-soaked Saturday for a black man shot dead by a white patrol officer in a dimly lit stairwell, but streets were mostly quiet after three nights of demonstrations against police violence.
The shooting of Akai Gurley, 28, at a public housing project last month was the latest in a series of killings that have outraged protesters who see a pattern of excessive force being used by law enforcement against African-Americans.