Opening Bell: Bear market rally incoming

Opening Bell: Bear market rally incoming

Phil Rosen here — the stock market still can't catch a break. Investors should be alert for a rally on the horizon before . Let's see what top analysts have to say. Coffee at the ready… If you dig this email, you'll love , which covers the biggest stories in banking, private equity, hedge funds, and fintech. It launches today — Bank of America analysts said Friday that , but will reverse course again in a classic bear market head fake. According to the note, a contrarian indicator is flashing the "buy" signal, and investors should take advantage of it ahead of a rally. or look for ways to short the market. That's because , even if a rally materializes in the near term, the bank's analysts said. On top of rate hikes, the central bank still has billions to shed from its $9 trillion balance sheet. "No fun 'til [the] Fed [is] done... and in 2022 that requires [a] negative payroll print," BofA explained. if high-yield credit recovers its recent weakness and shows signs of strength. That would signal that the credit markets are unlikely to seize up, as they have in past recessions. as Beijing's easing of COVID