With the election year rhetoric at peak volume, we appreciate some “calmer voices” coming out of Bank of America Merrill Lynch. A recent publication from economists at Bank of America Merrill Lynch, projects the probability of sliding back into a recession at 25% or less. Further, if that holds true, the S&P 500 is likely to rebound, assuming that our economy dodges a rebound recession.
“Our quantitative analysis suggests recession risk is rising, but contained,” Martin Mauro, a fixed income strategist at Bank of America Merrill Lynch, said in a report. “Late-cycle excesses that are typical warning signals of an impending downturn are not present. And despite weakening industrial sector data, growth elsewhere has remained robust.”
The full article can be found on the credit and collection news website at
http://www.creditandcollectionnews.com/viewer.php?url=http%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fbank-of-america-sees-25-chance-of-a-us-recession-in-2016-2016-02-09