Bank Of America Advises Hedging Portfolios Ahead Of Potential Q3 S&P 500 Pullback, Warns Of 'Three-Wave Correction'
Bank of America Corp. (NYSE: BAC ) is warning investors to hedge their portfolios as the bank sees a potential correction in the S&P 500 index in the third quarter of the current fiscal year. Signs Of Market Exhaustion According to a Bloomberg report, Bank of America’s global head of technical strategy, Paul Ciana, is