The stock market will signal a hard landing is coming for the economy if it falls below this key level, Bank of America says

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• Bank of America warns of a hard landing if the S&P 500 drops below its 200-day average.
• If the stock market falls below that threshold, there could be a 10% correction, BofA said.
• Key sectors like semiconductors and Big Tech must hold their support levels to avoid further declines.

Investors can expect a hard landing in the economy if the S&P 500 drops below a key technical level, according to a Thursday note from Bank of America strategist Michael Hartnett.