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Bank of America flags caution as investors pour $40 billion into the stock market

As the holiday and Santa Rally season draws near, one Wall Street bank is telling investors to curb their enthusiasm where stocks are concerned.

A contrarian “buy” signal for stocks has now expired, weeks after it was triggered, said a team at Bank of America led by strategist Michael Hartnett on Friday.

On Oct. 20, the strategists flagged…

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