Bank of America Predicts Stock Market Correction This Spring Before Election Year Summer Rally
• Bank of America forecasts a stock market correction of up to 12% in April-May before a summer rally
• Weak April-May performance historically for stocks in presidential election years
• Support levels to watch S&P 500 at 4,800 and 4,600 if sell-off happens
• Long-term target remains 6,150 on S&P 500, 18% upside from current levels
• Magnitude of rally since Oct 2022 suggests potential for S&P 500 to reach 7,000 by late 2026