Olivier Le Moal Investors looking for a contrarian play in 2025 should go “BIG,” that is: buy bonds, international stocks and gold, according to analysts at Bank of America. Source: Bank of America “Long ‘U.S. boom,’ short ‘global bust’ plays in the first quarter on big U.S. dollar and equity overshoot,” Michael Hartnett, strategist at BofA, said in a November 28 report. “Buy international stocks in the second quarter on Europe/Asia policy panic and aggressive easing of financial conditions overseas.” Inflation will rise unexpectedly, making gold and commodities a viable source of gains, according to the bank. Along the same lines, BofA recommends going long on cryptocurrencies. Investors should buy 10-year U.S. Treasuries when yields hit 5%, “a level that would induce volatility and risk-asset losses, peak ‘inflation boom’ and innovative solutions to reduce [the] U.S. budget deficit,” according to BofA.