Despite significant disruptions, including the pandemic-induced pullback and the 2022 bear market correction triggered by surging inflation and aggressive monetary tightening, the upward trend remains intact. The S&P 500 has surged roughly 60% from its October 2022 lows and notched an impressive 37 all-time highs this year alone.
Looking ahead, Bank of America acknowledges that challenges persist over the next decade, including structurally higher inflation and interest rates relative to the post-GFC era, rising geopolitical tensions, and growing concerns over U.S. fiscal sustainability. However, the analysts point to emerging “positive offsets” that could act as key drivers of long-term equity growth.
While risks loom large, the bank suggests that U.S. equities remain poised to leverage new avenues for sustained growth, reinforcing the resilience of the current secular bull market.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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