S&P 500 Could Hit 3,000 in a Worst-Case Scenario

  •  The S&P 500 could tumbled to 3,000 in a worst-case scenario, Bank of America said.
  • On Friday, the index closed at about 3,912, with BofA’s estimate representing 23% further downside.
  • BofA also estimated that a one-third chance of a recession has been priced into the stock market so far.

Read more…