Why the S&P 500 might sink as little as 3,100 subsequent 12 months, warn these bearish strategists

The S&P 500 SPX will quickly wrap its greatest month in additional than a 12 months. Even the limp to the end to November that appears to be taking part in out gained’t transfer the needle on that.

One significantly irritating facet of 2023 for buyers has been ready for a recession that by no means got here, as many Wall Street banks additionally guess on that occuring. BCA Research, who offers our name of the day additionally anticipated a pullback, and say that’s now inevitable for 2024, presumably crushing shares by 27% from present ranges.

“We…