The stock market’s big Tuesday bounce is likely to fizzle out: Capital Economics

It was Turnaround Tuesday for the stock market as investors returned from a three-day weekend following the S&P 500’s worst weekly tumble since 2020. Skeptics see a bear-market bounce that’s likely to fizzle out.

“Despite [Tuesday’s] more than 2% gain in the S&P 500
SPX,
+2.45%

…, we doubt we have seen the bottom in the index given our views that the Fed’s tightening cycle is a long way from over and that the U.S. economy will…

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