BAML Quants Warn Of Market "Disappointment," Target S&P 500 at 2000 By Year End

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 . . .

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