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?

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