Careful! It Could Be A Trap

Careful! It Could Be A Trap

Fade it at 4,200. That's still the mantra for some strategists convinced the nascent rebound in US equities is likely to run out of steam at or near current levels. In "Chasing Ghosts," I described the thinking among skeptics. That level on the S&P 500 is seen as "a kind of bridge too far for a star-crossed bear market rally condemned to collapse under the weight of negative earnings revisions." In the latest installment of his popular weekly "Flow Show" series, BofA's Michael Hartnett un
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