Volatility due to re-positioning in market: Bank of America

In an interview with CNBC-TV18, Brian Moynihan, Chairman & CEO at Bank of America discussed if the year ahead for global markets looks like a calm one or whether we should expect some volatility going forward.

The year started off with good volatility as people repositioned. After the holidays you see people come back and move their money around but it stabilised and in the end of the day, the markets are going to reflect the long-term power of the companies and the companies are going to reflect the power of the economy, he said.moneycontrol