The stock market is under pressure because 3 key sources of liquidity have dried up, Bank of America says

• The stock market is under pressure because key sources of liquidity are drying up, according to Bank of America.
• Quantitative easing from the Fed, fiscal stimulus from the government, and stimulus from companies have all ended.
• Demand for cash is growing thanks to high interest rates, which means long duration stocks should underperform.

The stock market is likely to stay under pressure because three big sources of liquidity are drying up, according to a Monday note from Bank of America.