Bearish Strategist Capitulation Rally
The S&P 500 rally is being underestimated by bearish strategists who are flip-flopping on recession predictions.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"An investing strategy that's been fueled by the widening gap between market winners and losers is handily beating the S&P 500 this year."
"Momentum is nearing oversold levels on daily charts... The Administration seems to be nearing a pain threshold that might offer some relief to Equities in April."
""We believe that a relief rally is needed at the bare minimum on the basis of severely oversold technicals and imminent intervention by the Trump Administration," Kobeissi wrote, adding that he was setting a target of 6,500 for the S&P 500, implying 2% jump from the index's current levels."
"But more forecasters think the recent events have left the S&P 500 oversold — and are eyeing a sharper recovery for stocks around the corner."
"This latest milestone adds to the index's track record of reaching new heights, reflecting the underlying strength of the constituent companies and broader market conditions."
"The second quarter delivered 'double-digit growth and broad upside surprises despite tariff/policy uncertainty.'"
"This persistent rally... is being propelled by a combination of a robust job market and growing expectations of a Federal Reserve rate cut."
""The S & P 500 is up more than 20% since its late October low and sits just 2% from a record as a series of economic data showed inflation was slowing faster than expected.""
"Piper Sandler predicted Thursday that the S&P 500 (SP500) will end the trading year at 4,825, a rally of almost 10% from its current level around 4,400."
"The bearish chorus of Wall Street strategists continues to fight the S&P 500 rally since the intraday low (3,491.58) on Oct. 13, 2022."