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'Don't Fight the Fed': BofA Sees US Equities at Risk in 2022

January 12, 2022 5:55 AM EST

BofAs Stephen Suttmeier believes this year could yield a correction in US equities while the overall structural bull market is likely to stay intact.

The technical strategist sees bearish tactical signals and divergences across the board that point towards a risky year for US equities.

2022 is off to a weak start. The first five sessions of the year saw the SPX trade down 1.9%. When the first five sessions of January are down, the rest of January... More