it’s-a-bear-market-rally-whether-it-lasts-depends-on-the-fed.

It’s a Bear-Market Rally. Whether it Lasts Depends on the Fed.

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

Intraday Strategy Edge
Evercore ISI

July 22: In a recent note, we pointed out that bear-market rallies end suddenly and without catalyst. And the higher stocks move, the less favorable risk/reward becomes. However, given the depth of the peak-to-trough selloff year to date, -24.5%, we see further upside to this rally consistent with past historical “reflex moves”, particularly in growth stocks.

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