To sum up the article: this is a bear market rally and we haven’t hit bottom yet.
“The definition of true capitulation is investors selling what they love,” Hartnett said, citing Apple, big tech, the dollar and private equity. The meltdown in cryptocurrencies and speculative tech now rivals the internet bubble crash and the global financial crisis, he said.
Although BofA strategists said they expect a bounce in the short term, they still see room for stocks to fall further. “Fear and loathing suggest stocks are prone to an imminent bear market rally, but we do not think ultimate lows have been reached,”
https://www.bnnbloomberg.ca/bofa-strategists-say-investor-exodus-signals-true-capitulation-1.1765472
what do you think?
