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
…, 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…