Fear needs to get more extreme for stocks to bottom, BofA’s Stephen Suttmeier says
New charts from Bank of America-Merrill Lynch’s Stephen Suttmeier suggest two things must happen before the stock market bottoms: The S&P 500 needs to fall another 5% and panic needs to get more extreme.
His first chart shows the S&P 500‘s decline, and the key levels to watch.“The correction is going to continue,” the firm’s chief equity technical strategist told CNBC’s “Futures Now ” on…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.