Stock Market Crash: Bank of America Warns 'Plenty' of Downside Ahead

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Bank of America's top global strategist warns there's 'plenty of room for more S&P 500 downside' as 80% of recessions since 1933 have torpedoed stocks by 20% after they started

: investors' repeated inability throughout history to anticipate recessions and their impact on earnings.

He continued:"And thereafter renewed surge in EPS to $242 by 1Q25 ; true EPS resilience reflects the monster growth in nominal GDP; but all the lead indicators point to deeper EPS recession…BofA Global EPS Growth Model suggests EPS -16% YoY by Aug'23."Earnings overestimations leading up to recessions have happened repeatedly over the last century. Some argue that stocks have already priced in a recession, having fallen 20% in 2022 .

He continued:"Plenty of room for more S&P 500 downside…since 1929, 2/3 of the S&P 500 peak-to-trough drawdowns have occurred during, not before, US recessions."Hartnett's view on where stocks go depends on a recessionary outcome. While some still believe a soft-landing scenario — where inflation comes back to acceptable levels near 2% and the economy avoids recession — is possible, signs that a downturn is coming continue to build.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 729. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

This will be the most predicted recession in the history of capitalism. So call me skeptical

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market today: Dow closes higher as big tech rallies; Bank earnings eyed By Investing.com*DOW CLOSES HIGHER AS BIG TECH RALLIES; BANK EARNINGS EYED $DIA $SPY $QQQ 🇺🇸🇺🇸 Thought bank earnings will be bad BullMarket bank will collapse more deep
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Stock market news: Investors sift through bank earningsUS stocks edge lower as investors sift through the first wave of big bank earnings
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Stock market news today: Retail sales weigh on solid bank earningsUS stocks fall as investors weigh strong bank earnings against weak retail sales data
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

STOCK MARKET UPDATES: Delta’s forecast, Amazon CEO talks headwinds, producer inflation easesProducer prices eased giving investors their second cooler-than-expected inflation report following the CPI, Delta forecasts record summer bookings, Amazon CEO Andy Jassy delivers cautious outlook in annual letter and Bud Light’s controversy continues. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
출처: FoxBusiness - 🏆 458. / 53 더 많은 것을 읽으십시오 »

Stock Market Today: Dow struggles for direction after PPI shows wholesale inflation slowsMarketWatch Live: Stocks gain, Treasury yields dip after latest inflation update
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »