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Bank of America's top strategists share which 3 sectors are set to outperform as stocks cool in 2022 a?? and why the 'buy the dip' strategy will no longer work

Bank of America's top strategists share which 3 sectors are set to outperform as stocks cool in 2022 a?? and why the 'buy the dip' strategy will no longer work
Investors are starting to break out their investing playbooks for 2022.Spencer Platt/Getty Images


For the first time in two decades, the S&P 500's 10-year outlook is negative, Bank of America says.




The firm predicts that US stocks will struggle in 2022 and stay flat from current levels.




However, the firm is bullish on stocks in three sectors, as well as small cap names.


Bank of America's 2022 vision for markets is now in focus.Stocks will struggle to meet sky-high expectations in the coming year as inflation rises and consumption falls, a group of the firm's top strategists said in a November 29 webinar. The bank's 4,600 price target for the S&P 500 in 2022 a?? one of the lowest on the Street a?? implies the index will stagnate from current levels and suffer its first losing year since 2018.A It could be the first down year of many."Our long-term forecasting model for 10-year returns for the S&P 500, which has been very predictive, is now spitting out negative returns for stocks over the next 10 years," said Savita Subramanian, BofA's head of equity and quantitative strategy, in the webinar. "The last time it did this was in 1999-2000."
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