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Strategist picks out the sector that still has room for a 10% rally

NEW YORK - The Bank of America trading post on the floor of the New York Stock Exchange on August 4, 2011.
STAN HONDA/AFP via Getty Images

The end is nigh for a 15-month bull run in global stock markets as economic growth moderates, according to Bank of America's head of European equity strategy, but relative pricing in two sectors is still thought to be "extremely low."

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