Merrill Lynch’s Private Clients Still Hold Extremely Low Levels Of Cash And … … Run High-Beta Portfolios…. Margin Debt Is Starting To Look Like A Bitcoin Chart

Merrill Lynch’s private clients still hold extremely low levels of cash and … … run high-beta portfolios. Buybacks Amazon, Netflix and Microsoft together this year are responsible for 71% of S&P 500 returns and for 78% of Nasdaq 100 returns. …

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