(Bloomberg) — U.S. stocks are likely to see new lows if VIX patterns from yesteryear hold sway, according to Bank of America Corp.The current bear-market rally most closely resembles what occurred in 2008, and suggests there’s limited further upside before a turn that drags the S&P 500 to fresh lows, strategists led by Benjamin Bowler wrote in a note Tuesday. They drew that conclusion by measuring from the peak of volatility in the three most recent major sell-offs and comparing those with the present one.Volatility markets are “underpricing the risk of a secondary market shock,” they wrote.If the S&P 500, …read more
Source:: Yahoo Finance
