There’s a great bull market right around the corner in 2023, even as investors hoard cash at the highest rate since the pandemic began, BofA says

There is a great new bull market set to form in stocks next year, just not where most investors expect. Small-cap stocks are poised to go on a big run in 2023, according to a Friday note from Bank of America. “Secular trends of stagflation, reshoring, localization, fiscal stimulus = small cap bull in 2023,”…