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Bank’s contrarian trades include the ruble

A trader works on the floor of the New York Stock Exchange.
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A trader works on the floor of the New York Stock Exchange.

As 2015 unfolds, expectations are for middling global market returns and mediocre economic growth. One investment bank is giving its clients many contrarian trades if this consensus turns out to be wrong.

Bank of America Merrill Lynch's chief investment strategist, Michael Hartnett, and investment strategist, Brian Leung, released their strategy in the Jan. 26 report, "The Thundering Word: The Most Contrarian Trades in the World."