'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
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