Reported 2 months ago
Bank of America strategist Michael Hartnett has indicated that a drop in the S&P 500 below its 200-day moving average could signal a hard landing for the economy, potentially leading to a 10% correction. Key sectors like semiconductors and Big Tech must maintain their support levels to prevent further declines. Hartnett emphasizes the importance of technical levels for a soft landing and warns that several indicators indicate a tougher economic outlook.
Source: YAHOO