Along with Bank of America, Morgan Stanley and Societe Generale are against JPMorgan, which estimates the S&P 500 will close in 3,100 units in 2019.
Bank of America Merrill Lynch continues to remain cautious about markets, Wall Street and international stocks.
And for 2019 it remains cautious and it is worth mentioning that its 2018 estimate of January 2018 was confirmed.
In January 2018, as the market enjoyed an unprecedented strong rise, Bank of America published a warning report entitled “S & P 2686 Is Next”.
Up to now, the S & P 500 is trading at 2,633 points.
In a new report by Bank of America Merill Lynch titled “The Big Low” estimates that 2019 will be divided into two time zones.
The first half of 2019 will be a stock market volatility, followed by a rise in V, with a strong rise in stocks and bonds in the second half of 2019.
According to Bank of America, investors have to cut positions on stocks, bonds, commodities, raise cash and reduce dollar positions.
Towards the end of Spring 2019, investors should start raising the risk with 50%, 25% and 25%.
According to BofA, the era of excessive bond and stock yields has come to an end, and after a last glimpse towards the end of 2019, a long period of decline will begin.
Along with Bank of America, Morgan Stanley and Societe Generale are against JPMorgan, which estimates the S & P 500 will close in 3,100 units in 2019.