Bank Of America Predicts An S&P 500 Slump In 2022 — But It Still Believes In These 3 Sectors

• If you’re still bullish on the U.S. stock market, you may not want to hear what Bank of America has to say. 
• The second-largest bank in the U.S. has a forecast of 4,600 for the S&P 500 by the end of 2022. With the benchmark currently hovering around 4,790, that means the bank is pointing to negative returns for the coming year. 
• “The probability of a 10% correction in the near term or over the next 12 months is elevated,” the bank’s U.S. stock and quantitative strategy chief Savita Subramanian told Bloomberg earlier this month. 
• At the same time, the Wall Street firm also highlighted three sectors that could outperform in the new year, Energy, Financials, and Healthcare.

(Source: Yahoo Finance)