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Reliable Bank of America model sees 90%-plus chance the market will be higher one year from now

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Charging Bull Statue is seen lonely at the Financial District in New York City, United States on March 29, 2020.
Tayfun Coskun | Anadolu Agency | Getty Images

(This story is for CNBC Pro subscribers only.)

The deterioration in investor sentiment amid the coronavirus pandemic is triggering a contrarian buy signal in a model with a near-perfect success rate, according to Bank of America. 

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