Stocks & indices
BofA warns of an underappreciated risk to stocks
S&PStrategists at BofA Global Research said the real threat to the stock market lies elsewhere from where most investors are looking.
Many investors fear that rising bond yields worldwide will drag US equities into a correction — a term for an index falling at least 10% from its peak. BofA's analysts argue that the real risk lies elsewhere.
For beginners A market correction is the standard term for an index dropping 10% or more from its high; investors watch for such signals closely to gauge how sustainable a market's rally really is.