Headlines talking about "stagflation" have rocketed to the most in two years, Bank of America said.
Utilities and energy typically benefit the most in stagflationary conditions, the bank said.
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AdvertisementHeadline references to "stagflation" catapulted to a two-year high last week, Bank of America reported, which could start weighing on Wall Street sentiment.
We think that view is misguided, as it is based on an apples-to-oranges comparison," the bank wrote last week.
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—, it's, stagflationary
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