Bank of America warns historically high valuations and slowing earnings growth put the stock market at risk of a 16.5% drop — and names 3 sectors that are safe to hide out in
Strong earnings and weak alternatives to stocks have driven markets to record highs, but a litany of risks threaten the market, a team of Bank of America strategists led by Savita Subramanian wrote in an August 13 note.
S&P 500 forward earnings are up 27%…
