Monday, August 2

Assets

Assets, Bank of America, Bonds, Commodities, Markets, MI Exclusive, Stocks

The S&P 500 could drop sharply in the 3rd quarter as the ‘5 P’s’ pressure markets, Bank of America says

REUTERS/Lisi Niesner The first half of the year has brought good news for many assets, but the rally could use a "breather," BofA analyst write. The five P's-pandemic, price, positioning, policy, and profits-are set to weigh on markets in the third quarter. Stocks may also fall preemptively, as investor jitters make lower Q4 profits show up in Q3 share prices. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bank of America is anticipating a preemptive slowdown in the third quarter as investors fearing the "five P's" pull back across asset classes, analysts wrote in a note.The first half of the year has brought good news for many assets, but the "Wall St boom/bubble" could use a "breather," BofA's analysts wrote. In their view, the five P's-pandemic, pri...