BofA Warns "Not Enough Capitulation" For Bottom Yet

Despite uber-hawkish signaling from Fed vice-chair Brainard, US equity markets are bouncing today (after 7 straight down days for the Nasdaq), once again prompting the same-old-same-old remarks that “is this the low?” or “is The Fed ready to Pivot?” or some mixed version of the two (despite oil prices plunging like there’s a global recession imminent)…

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