Credit Suisse thinks this is still just a bear market rally and gives the history to back it up

Andrew Garthwaite, global equity strategist at Credit Suisse, believes this U.S. stock market comeback is still a bear market rally and not the start of a new bull market, despite its significant magnitude and achievement of a notable chart milestone. The S & P 500 is up 11% from its low close in October, including a 3% gain in 2023. A new bull market would be confirmed if the S & P 500 rallies more than 20% and climbs to a new all-time high.

On the list above, for instance, Credit Suisse notes the S & P 500 rallies starting in March 1982 and again in September 2001 also extended above the 200-day average price before failing. "Bottom line: this is close to the average bear market rally but bear market rallies can be larger and longer," Garthwaite wrote in the report. Credit Suisse also cited bear market rallies on the Nasdaq and Japanese markets to back up its claim that this is just a bounce to be faded. .

Lol,... this $CS Credit Suisse?

Fake ..they are buying .

A criminal bankrupt bank giving free financial advice? Comical

Bullish

I think they should more worry about staying solvent as a company. They are graded what, 1 above junk status?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse obtains key approval to launch wealth business in ChinaCredit Suisse has received regulatory green light from China after years of waiting to launch a full-fledged wealth management business in the world's second-biggest economy, according to a company memo reviewed by Reuters. Another company strengthening an adversary? Do they think they can buy insurance to cover the rage that will occur if we go to war with a place like CCP-China, & countries/corporations profited from cuddling with them.
Source: Reuters - 🏆 2. / 97 Read more »

Credit Suisse equities business under the microscope after revenue crashAt the grandiose Fontainebleau Miami Beach hotel, Credit Suisse hosted its top clients in October amid growing doubts it was still in the securities trading game after a series of high-profile blunders. Credit Suisse shares still trading at multiyear lows. Your daily dose of Credit Suisse bashing presented by ...
Source: Reuters - 🏆 2. / 97 Read more »