Has the stock market hit bottom yet? Bank of America says 6 of 10 signs point to no

Has the stock market hit bottom yet? Bank of America says 6 of 10 signs point to no

The S&P 500’s decline this year—it’s down nearly 18% since January—accelerated last week after Federal Reserve Chair Jerome Powell indicated more “pain” was ahead.

Has the market hit bottom? Bank of America Research, based on its new list of 10 signals showing whether the stock market has hit bottom, says no.

View this interactive chart on Fortune.com

The bank came up with the list, released on Friday, after analyzing “macro and bottom-up data encompassing policy, valuation,…


Source link

About search

Check Also

The Michael Penix Jr. era begins in Atlanta: 'I've got to produce' – Yahoo Sports

The Michael Penix Jr. era begins in Atlanta: 'I've got to produce' – Yahoo Sports

[unable to retrieve full-text content]The Michael Penix Jr. era begins in Atlanta: ‘I’ve got to …

Leave a Reply

Your email address will not be published. Required fields are marked *