Bank of America strategists shatter a widespread myth about interest rates and stocks after being bombarded with questions

Andrew Burton/Getty Images Stocks actually have a "weak and inconsistent correlation" with interest rates, according to Bank of America Merrill Lynch strategists. They've been receiving lots of questions from clients following the market correction that was partly driven by fears of higher rates. Returns stay positive until interest rates cross 6%, and the probability of losses starts to increase as rates rise above 3%, BAML found. Strategists at Bank of America Merrill Lynch say they have been ...