Wells Fargo says investors should expect a 10% stock market correction soon

'We are within spitting distance of our 4200 [S&P 500] target and now shifting direction,' wrote Christopher Harvey.

A swift sell-off is ahead once investors realize the banking crisis will tip the economy into a recession, according to Wells Fargo. "We are within spitting distance of our 4200 [S & P 500] target and now shifting direction," wrote Christopher Harvey, head of equity strategy at Wells Fargo Securities, in a note to clients Tuesday. "Expect a 10% correction in the next 3-6 mos.

readers can see all the other major Wall Street firms' S & P predictions by going to our strategist survey , which is updated regularly. —CNBC's Michael Bloom contributed to this report

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LA Daily News baseball Top 10 rankings, April 10The latest Daily News high school baseball rankings with three weeks left in the season.
Read more »

Wells Fargo Center implements new artificial intelligence security screening systemThe state-of-the-art Evolv Express will allow sports fans and South Philadelphia concertgoers to pass through security faster than ever before.
Read more »

USD/INR: Ruppe strength through the end of this year and into 2024 – Wells FargoWith the RBI on hold and the Fed likely to deliver another 25 bps hike in May, economists at Wells Fargo expect the Rupee to continue moving sideways
Read more »

Chrissy Teigen Steps Out For Date Night in a Sheer Bra, 3 Months After Giving BirthChrissy Teigen and John Legend's coordinated date-night outfits are 10/10.
Read more »

Paramount+ Schedule April 10-16: New TV & MoviesThe upcoming revival of the beloved Rugrats animated series is headlining the Paramount+ schedule for April 10-16.
Read more »

1 dead, roughly 10 injured after crash involving 13-year-old in stolen car, police sayA police pursuit of a vehicle with a 13-year-old boy behind the wheel ended with one person dead and nearly a dozen injured in a fiery crash in California, police say.
Read more »