Bank of America is not a good source for sound investment advice. They also have a low stock valuation, trading under $40 a share.
If I bought BOA stock on Jan 4 1837 at $120 and sold June 17 2021 at $39.85.
I’m down $80.15 over the 184.5 year period.
If Bank of America can’t grow their own stock worth a shit.
Why should I listen to their economic predictions?
Most of these advisory sources are just propaganda merchants as far as I'm concerned.
When it comes to stock, you gotta know how to analyze them before you purchase them, and not go on what some slick propaganda guy says.
Don't invest money you are not willing or able to lose.
I still have BAC stock that I bought in the 1990’s at about 13 bucks per share. Most of it I sold before the 2008 melt down. I only have a couple of hundred shares left.