Strong stock-market bounce has raised hopes for a sustainable US equity rally, but some money managers are urging caution.
Recession calls are growing by the day, but the stock market remains wary of fully pricing in this scenario for the economy.
Solomon noted inflation is a “hard thing to crack,” but he is confident the Fed’s efforts to raise rates will get the situation under control.
Stock markets are yet to see full capitulation, Sanford C. Bernstein strategists said, taking a contrary view to that of Bank of America Corp.