BofA Warns S&P 500 'Snapback' Ahead
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- BofA warned the S&P 500 will lose much of its 2026 gains through a 'snapback' as speculation hits 'extreme levels'
- BofA's technician identified a 'three-wave' pattern as part of the bearish setup, per Bloomberg's headline
Why it matters: A BofA 'extreme speculation' warning issued after the S&P 500's strongest quarter since 2020 gives active managers explicit cover to de-risk, reframing 2026's rally as a snapback candidate rather than a sustained uptrend.
