Bear market drivers ‘are starting to recede,’ analyst says

The first half of 2022 saw a lot of red for equities. The S&P 500 (^GSPC) recorded its worst performance since 1970 and officially slid into bear market territory in June 2022.

But Evercore ISI’s Rich Ross sees green in the market for the remainder of the year.

“For the first time in quite some time, those top-down forces, which have been the drivers, the headwinds for equities – the driver of the bear market – are starting to recede, and clearly stocks are feeding off of that coming off…

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