This commentary was issued just lately by cash managers, analysis corporations, and market publication writers and has been edited by Barron’s.
Don’t Struggle the Rally
Market Commentary/Technique
Stifel
March 3: The bearish refrain of Wall Road strategists continues to struggle the
S&P 500
rally because the intraday low (3,491.58) on Oct. 13, 2022, with these strategists flip-flopping from calling an imminent recession (attributable to the Fed) to no recession (so, the Fed should trigger one). Some say it’s a “bull entice” however that misses main trades in a range-bound, decadelong channel. They will name it a bear-market rally, a bear entice, or name it a banana.