Bank of America just released a report that matches almost word for word what WealthPress Senior Strategist Roger Scott has been telling us for months… And it even gave away some great stock ideas he couldn’t agree with more.
BofA’s ideas are based on a macro stance that doesn't depart too far from conventional concepts.
The bank’s year-end 2022 target for the S&P 500 is basically flat, or about 4% lower than it is now. And drivers for its outlook include things like a higher discount rate, rising capital expenditures and the end of the “equity shrinkage” bull case.
But volatility will also be high…
So while it brings potential opportunity along with it, it’s still important for traders like us to be extra choosy with our stock ideas for Q1.
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