{"id":1854199,"date":"2023-02-20T13:20:09","date_gmt":"2023-02-20T18:20:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1854199"},"modified":"2023-02-20T13:21:25","modified_gmt":"2023-02-20T18:21:25","slug":"bank-of-america-warns-no-landing-scenario-could-crash-stocks-this-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bank-of-america-warns-no-landing-scenario-could-crash-stocks-this-year\/","title":{"rendered":"Bank of America Warns \u201cNo Landing\u201d Scenario Could Crash Stocks This Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbank-of-america-warns-no-landing-scenario-could-crash-stocks-this-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1854199&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Mark Shafir, Citi Co-Head for Global Mergers and Acquisitions, discusses his outlook on the M&#038;A and IPO markets.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The <a href=\"https:\/\/foxbusiness.com\/category\/us-economy\" target=\"_blank\" rel=\"noopener\">U.S. economy<\/a> Could be heading for a &#8220;no landing&#8221; According to Bank of America analysts, this could be a good thing for the stock market because of the current hot labor market.<\/p>\n<p>Michael Hartnett, Bank of America&#8217;s chief economist, published a Friday analyst note. He predicted that there would be an increase in a &#8220;no landing&#8221; scenario where growth is not slowing down but inflation is above the trend in the first half. It would likely result in the <a href=\"https:\/\/foxbusiness.com\/category\/the-fed\" target=\"_blank\" rel=\"noopener\">Fed to increase interest rates<\/a> much higher than previously forecast \u2014 and keep them elevated for longer.\u00a0<\/p>\n<p>&#8220;No landing means no Fed pausing,&#8221; Hartnett wrote that he warned against tightening at the central bank &#8220;always breaks something.&#8221; He predicted that the S&#038;P500 would fall nearly 7% in March.<\/p>\n<p><a href=\"https:\/\/foxbusiness.com\/money\/still-missing-your-tax-refund-irs-will-soon-pay-you-interest\" target=\"_blank\" rel=\"noopener\"><strong><u>ARE YOU STILL ISSUED YOUR TAX REFUND? THE IRS WILL SOON PAY YOUR 7% INTEREST<\/u><\/strong><\/a><\/p>\n<table class=\"stock-fundamentals\">\n<thead>\n<tr>\n<th class=\"ticker\">Ticker<\/th>\n<th class=\"security\">Security<\/th>\n<th class=\"last\">Last<\/th>\n<th class=\"change\">Change<\/th>\n<th class=\"percent\">Change %<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=I:DJI\">I:DJI<\/a><\/td>\n<td class=\"security\">DOW JONES AVAGES<\/td>\n<td class=\"last\">33826.69<\/td>\n<td class=\"change pos\">+129.84<\/td>\n<td class=\"percent pos\">+0.39%<\/td>\n<\/tr>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=I:COMP\">I:COMP<\/a><\/td>\n<td class=\"security\">NASDAQ COMPOSITE INDEX<\/td>\n<td class=\"last\">11787.271825<\/td>\n<td class=\"change neg\">-68.56<\/td>\n<td class=\"percent neg\">-0.58%<\/td>\n<\/tr>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=SP500\">SP500<\/a><\/td>\n<td class=\"security\">S&#038;P 500<\/td>\n<td class=\"last\">4079.09<\/td>\n<td class=\"change neg\">-11.32<\/td>\n<td class=\"percent neg\">-0.28%<\/td>\n<\/tr>\n<tr><\/tr>\n<\/tbody>\n<\/table>\n<p>The Fed&#8217;s continued aggressive campaign to raise interest rate likely means that there will be more of this aggressive Fed campaign. &#8220;hard landing&#8221; outcome \u2014 in which the economy tumbles into a recession \u2014 will follow in the latter part of 2023, he said.<\/p>\n<p>After a difficult year in the stock market, the worst since 2008, the gloomy outlook is expected. The three-year winning streak of all three indexes ended in 2022 with a tumble of all three.\u00a0<\/p>\n<p>The Dow Jones Industrial Average ended last year at 8.8%. It was the lowest of all three. S&#038;P 500 dropped 19.4%, while tech-heavy Nasdaq composite fell 33.1%.\u00a0<\/p>\n<p>Stocks rallied initially in the early 2023 but have since lost some of their momentum due to rate-hike concerns. The S&#038;P closed Friday with a gain of 6.67% over the beginning of the year but a decline in 0.83% for the week.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/01\/931\/523\/markets-2.jpg?ve=1&#038;tl=1\" alt=\"Wall Street in New York\"   style=\"display:none\"><\/div>\n<div class=\"caption\">\n<p><span>Wall Street was hit hard in 2022.\u00a0<\/span><span> (John Taggart\/Bloomberg via Getty Images\/Getty Images<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/foxbusiness.com\/economy\/fed-raises-interest-rates-quarter-point-signals-inflation-fights-not-over\" target=\"_blank\" rel=\"noopener\"><u>Federal Reserve policymakers voted<\/u><\/a> Eight consecutively raised interest rates to a range between 4.5% and 4.75%. Last month, signaled that they would be doing so. &#8220;couple more&#8221; There are increases this year.\u00a0<\/p>\n<p>There are a host of other hotter-than-expected data reports on the economy, such as the <a href=\"https:\/\/foxbusiness.com\/economy\/us-job-growth-unexpectedly-surges-january-economy-adds-new-positions\" target=\"_blank\" rel=\"noopener\"><u>January jobs report blowout<\/u><\/a> A disappointing inflation report, which pointed out the persistence of high consumer prices has raised concerns about a higher peak rate.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON\u00a0THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>These reports show that the Fed is attempting to curb inflation. &#8220;very much unaccomplished,&#8221; Hartnett.\u00a0<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/09\/931\/523\/powell-8.jpg?ve=1&#038;tl=1\" alt=\"Federal Reserve Chairman Jerome Powell\" \/><\/div>\n<div class=\"caption\">\n<p><span>Jerome Powell, the Chairman of Federal Reserve, speaks at a news conference that follows a Federal Open Market Committee meeting held in Washington, D.C., September 21, 2022.<\/span><span> (Sarah Silbiger\/Bloomberg via Getty Images\/Getty Images<\/span><\/p>\n<\/div>\n<\/div>\n<p>Hartnett&#8217;s pessimistic outlook is not unique. A BofA global manager survey released earlier this week showed that investors are skeptical about the ability of current stock rallies to last. About 66% of respondents said stocks are seeing a bear market rally \u2014 signaling they expect them to return to new lows.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Shafir, Citi Co-Head for Global Mergers and Acquisitions, discusses his outlook on the M&#038;A and IPO markets. The U.S. economy Could be heading for a &#8220;no landing&#8221; According to Bank of America analysts, this could be a good thing for the stock market because of the current hot labor market. Michael Hartnett, Bank of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1854202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[8303,5374,5373,6444,10624,19180,10467,3633],"class_list":["post-1854199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-no","tag-america","tag-bank","tag-crash","tag-landing","tag-scenario","tag-stocks","tag-warns"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1854199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1854199"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1854199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1854202"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1854199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1854199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1854199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}