The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns - Yahoo Finance

Jason Ma

Jul 5, 2026

The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns - Yahoo Finance

Bank of America reaffirmed its year-end price target of 7,100 for the S&P 500, representing a 5% drop from the week's closing level.

The S&P 500 just notched its best quarter since 2020 and is up about 9% so far this year, but it's mostly downhill from here, according to Bank of America. In a note on Tuesday, analysts reaffir… [+3765 chars]

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