MacNeil Curry, Head of Global Technical Strategy at Bank of America Merrill Lynch, says there are three reasons investors should get ready for as much as a 20% correction in the markets this coming year
1. The Treasury environment
Curry sees higher yields and higher volatility ahead for US Treasury bonds. see article / video for rest
2. "Old age"
For Curry, the extended trend is now ripe for a correction. "We are in a four year-plus bull trend in the S&P 500," notes Curry. And, the market's momentum is starting to show signs of its older age.