Stocks Are Surging Again. Why This Rally Could Last Into Spring.

This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.

Don’t Fight the Rally

Market Commentary/Strategy

Stifel
March 3: 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, with those strategists flip-flopping from calling an imminent recession (caused by the Fed) to no recession (so, the Fed must cause one). Some say it is a “bull trap” but that misses major trades in a range-bound, decadelong channel. They can call it a bear-market rally, a bear trap, or call it a banana.