Bank of America Strategists Expect Economic ‘Hard Landing’ to Pummel Markets

Bank of America Strategists Expect Economic ‘Hard Landing’ to Pummel Markets
Traders work on the floor of the New York Stock Exchange on Jan. 3, 2017. Spencer Platt/Getty Images
Bryan Jung
Updated:
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Bank of America strategists are expecting an economic “hard landing” to pummel the markets at the end of the year, due to a resilient U.S. economy.

Economists are beginning to fear that a delayed recession in the second half of 2023 will be harsh on stocks, since the current state of the American economy is keeping interest rates higher for longer

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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