US equities are set to plunge by 15 per cent when the Federal Reserve begins to taper its long-standing quantitative easing programme later in the year, according to a new analysis by French investment bank Societe Generale.
The bank also expects shares to stay flat for up to three years because of higher interest rates, a strong dollar and subdued corporate earnings growth.
''After gaining 170 per cent since March 2009, we believe that US equities...
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