Skip to content

Historic Rout Isn’t Over Yet, Bank of America Strategists Say

  • Stock lows, yield highs yet to be reached: BofA’s Hartnett
  • Strategist says current positioning shows paralysis, not panic

The global market selloff that saw the S&P 500 Index post its worst first four months of a year since 1939 has further to run, according to Bank of America Corp.

“Base case remains equity lows, yield highs yet to be reached,” BofA strategists led by Michael Hartnett wrote in a note.