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S&P 500 could fall 20% in the coming months: Bank of America
source link: https://nextbigwhat.com/sp-500-could-fall-20-in-the-coming-months-bank-of-america/
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Home News S&P 500 could fall 20% in the coming months: Bank of America
Even though the S&P 500 has already seen a 15% year-to-date decline, an impending economic slowdown could trigger a more severe stock market correction as early as the first quarter of 2023, according to Bank of America.
“History suggests that if the US economy experiences a recession, the SPX bottoms out during the recession and not before,” the BofA analysts wrote.
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