(Bloomberg) — A drop below 4,000 index points for the S&P 500 will be a “tipping point,” which could potentially trigger a mass exodus from equities, according to Bank of America Corp. strategists. Most Read from Bloomberg Investors have already started fleeing stocks, with outflows from equity funds over the past three weeks adding up to the worst since March 2020, the strategists led by Michael Hartnett said, citing EPFR Global data. The average S&P 500 entry point for the “huge”… Source link
Read More »Bank of America’s Hartnett Sees ‘Pain and Exit’ If S&P 500 Dips Below 4,000
