27 days ago • Posted by Martin Boujol
Bank of American expects the S&P 500 to only return 0.2% over 10y
According to Bank of America's chief equity strategist, investors have their eyes shifted away from long-term and this results in a market rife with long-term inefficiencies. If the 10yr S&P 500 returns have been negative only 6% of the time since 1929, BofA thinks we could once again near this low level, with only 0.2% return over the next decade.
Source: ZeroHedge, BofA