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

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

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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.