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 ...
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 Last Updated at October 21, 2017 01:40 IST