BAML Quants Warn Of Market "Disappointment," Target S&P 500 at 2000 By Year EndMark Melin
The equity quantitative team at Bank of America Merrill Lynch thinks this complacent stock market, lulled to sleep by high expectations for growth and central bank stimulus, is “ripe for disappointment.” What does disappointment look like? Markets could fall by 8% before year end, as the bank lowered its price target on the S&P 500 to significantly lower levels than present.
After adding discretionary overlay, BAML says stocks could drop to 2,000 level by . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible