There’s a 35% chance that the S&P 500 could fall into a bear market, Bank of America says

The S&P 500 has already tumbled into correction territory. There’s a good chance things could get worse from here, according to the firm. The stock market is already in correction territory, and there’s a chance to get worse, the firm says. The firm says the S&P 500 is now in a correction position, and the market could be in a bear market for the rest of the next few months. The market is in correction mode, and it could be worse from now, the research firm says, but it’s not sure how long it will take to get back into the market’s favor with the market. It’s not the first time the market has seen a correction in the past five years. Click here for more . . .