Getting the Wall St.-Main St. disconnect

You see it all the time: Booming times for Wall Street banks and investors, while life for ordinary Americans remains, well, ordinary. Michael Hartnett, who as chief investment strategist at Bank of America Merrill Lynch gets a front-row seat to the disconnect, said the reasons for it come to three "Ps": Policy, positioning and profits. In a note to clients, he broke it down by each …

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