Enjoy 2019 while it lasts, because ‘the Big Top’ is coming, B. of A. strategist warns

In the 2010s, it was all about low taxes, inequality and bonuses. Over the next decade, look for the script to flip to high taxes, redistribution and universal basic income. Those are just some of the shifting themes that Bank of America, in a note led by top strategist Michael Hartnett, laid out this week as to why investors should be cautious heading in to the end of the year.