BofA thinks S&P 500 may drop another 23% in worst-case scenario
The S&P 500 may fall below 3,000 in the worst-case scenario, according to Bank of America. The index closed on Friday at approximately 3,912, and BofA’s prediction represents a 23 percent additional decline. BofA also projected that the stock market has already priced in a one-third likelihood of a recession. S&P 500 is settling into … Read more