Why Bank of America predicts a ‘tactical correction’ in the stock market

With Tuesday's sell-off, the S&P 500 has experienced a dip of approximately 3% from its 52-week peak, settling at around 4,471. This decline suggests a possible change in investor sentiment and highlights potential market volatility. Analysts will closely monitor how this drop could impact the broader economic landscape and whether it signals the start of a larger downward trend. The fluctuating market conditions and uncertainties surrounding global events are likely contributing factors to this recent downturn. Investors and market participants will be keenly observing how this development evolves in the coming days and weeks.