BofA warns of 10% stock drop on Democratic sweep

Stocks could fall 10% or more if Democrats win House and Senate in the midterms, Bank of America chief equity strategist Michael Hartnett told MarketWatch. That 10% drop — what Wall Street calls a correction — would shrink savings and 401(k)s. I’m skeptical of exact election forecasts; this is one bank’s view, not a sure thing already reflected in prices.