Stifel warns of a sharp stock market correction by year-end, with the S&P 500 potentially dropping 12%.
"Our instruments tell us to expect an S&P 500 correction to the very low 5,000s by 4Q24," Bannister said.
AdvertisementInvestors should prepare for a sharp and quick correction in the stock market before the end of the year, according to Stifel.
In a note on Thursday, chief equity strategist Barry Bannister of Stifel warned that the S&P 500 could trade 12% lower in the fourth quarter.
"Our instruments tell us to expect an S&P 500 correction to the very low 5,000s by 4Q24," Bannister said.
Persons:
Stifel, Barry Bannister, Bannister, —
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