The Miami Entrepreneur

The Tell: Bank of America slashes S&P 500 target to ‘lowest on the Street’ after recession forecast

Read Time:11 Second

Bank of America has lowered its 2022 target for the S&P 500 by 900 points to 3,600, citing its forecast for a recession this year and expectations for a Federal Reserve ‘pivot’ in 2023.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post The Tell: Inflation expectations key as investors weigh prospect of 100 basis point Fed rate hike, strategist says
Next post : ‘Scary times’: Builders are slashing home prices and slowing construction as buyers pull back, survey shows