You are here: Home » International » News » Markets
Business Standard

It's going to be a bumpy ride: BofA warns investors

The firm's "Bull and Bear Indicator" is signaling "close to sell" with a duration of one to three months, according to the report from Chief Investment Strategist Michael Hartnet

Bloomberg 

Investors in US stocks are in for a rough few months. Strategists at Bank of America Merrill Lynch warned in a note that a hiccup in corporate profits would be enough to push the S&P 500 Index down by more than 10 per cent before Valentine’s Day, although they remain bullish on equities over the longer-term. The firm’s “Bull and Bear Indicator” is signaling “close to sell” with a duration of one to three months, according to the report from Chief Investment Strategist Michael Hartnett. “Assuming no recession, the most obvious catalyst to hurt ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, October 21 2017. 01:40 IST
RECOMMENDED FOR YOU