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September 01, 2020 1:29pm
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November Dividend Update

History doesn’t repeat, but it often rhymes. This is what a recent Bank of America research note[1] implies about the current U.S. equity market environment relative to 1999. The BofA valuation framework suggests a -0.5% annualized price return for the S&P 500 over the next 10 years. The last...
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