Yonhap Infomax NewsBank of America warns investors to brace for potential summer correction in US equities as S&P 500 surpasses year-end target of 7,430, with technical indicators signaling overheating, though bank maintains optimistic long-term outlook projecting index to reach 8,000 by end-2026
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BofA Warns of Overheated US Stock Market, Urges Caution for Summer Correction
Bank of America warns investors to brace for potential summer correction in US equities as S&P 500 surpasses year-end target of 7,430, with technical indicators signaling overheating, though bank maintains optimistic long-term outlook projecting index to reach 8,000 by end-2026