Experts Predict Big Stock Rally Followed by Potential Collapse

Bank of America's chief investment strategist, Michael Hartnett, warns that the recent rally in the stock market may not last long and could be followed by a "big collapse" similar to 2000 or 2008. He sees a maximum upside for the S&P 500 of 100 to 150 points, compared to 300 points downside between now and Labor Day. Despite sticky inflation, rising interest rates, and the looming threat of a recession, stocks have rallied in the first half of 2023, with the S&P up more than 16% from the start of the year.