Bank of America Unveils New Fan Band Beads and Warns of S&P Correction
BAC•Bank of America has distributed over 700,000 viral Fan Bands across 11 host cities and will launch new knockout‐round beads with wristband reservations at Rockefeller Center’s Fan Village July 6. Its technical strategist warns the S&P 500 may correct toward 7,122 or below 7,000 in Q3 due to stretched valuations.
1. FIFA World Cup 2026 Fan Band Program
Bank of America has given away over 700,000 collectible Fan Bands across 11 U.S. host cities since the tournament began. Starting July 6, new knockout‐round beads in custom colors will be available alongside a wristband reservation system at FIFA fan festivals and the Rockefeller Center Fan Village.
2. Technical Analysis Warns of Potential Market Correction
The bank’s technical strategist cautions that stretched valuations and a 54% year‐over‐year rise in margin debt through May heighten downside risk. A third‐quarter correction could push the S&P 500 toward support near 7,122 or below 7,000, prompting advice to add portfolio hedges and monitor key indicators.
