This commentary was recently published by money managers, research firms and market bulletin writers and has been edited by Barron’s.
Don’t fight the rally
Market comment/strategy
stifel
March 3rd: The bearish chorus of Wall Street strategists continues to fight the
S&P 500
rally from intraday low (3,491.58) on Oct. 13, 2022, with those strategists switching from calling an imminent recession (caused by the Fed) to no recession (hence, the Fed must cause one). Some say it’s a “bull trap” but it misses important trades in a decade-long channel with range limits. They can call it a bear market rally, a bear trap, or call it a banana.