Stock Market Outlook: More Downside As Recession, Credit Event Loom
"Higher-for-longer = hard landing," Bank of America strategists said in a note to clients on Friday.
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"Higher-for-longer = hard landing," Bank of America strategists said in a note to clients on Friday.
Stocks will come under pressure even if the US raises the debt ceiling in time, market veteran James Athey said.
"There's nowhere to hide, no diversification in this type of market. This is a black swan event," one veteran technical strategist says.
Previously, Morgan Stanley's top stock strategist predicted the market would suffer its worst earnings recession since 2008.
"Given our view on earnings, March is a high risk month for the bear market to resume," top stock strategist Mike Wilson warned.