Bank of America is warning investors that Wall Street may be due for a drop after an unusually long stretch without a significant stock market decline, even as the firm maintains that the longer-term bull market remains intact.
Savita Subramanian, Bank of America's head of U.S. equity and quantitative strategy, said the S&P 500 has experienced only one pullback of at least 5% in 2026, compared with an average of roughly three such declines in a typical year.
