Skip to content

Wall Street Capitulation Calls Get Ever Harder as Stocks Bounce

  • Retail investors joined money managers in bailing on equities
  • JPMorgan says market may not see clear sign of capitulation
Traders work on the floor of the New York Stock Exchange.

Traders work on the floor of the New York Stock Exchange.

Photographer: Michael Nagle/Bloomberg

After a furious spate of retail selling unseen since December 2018 and beaten-down risk appetite, all the ingredients were in place heading into the big stock rebound Monday.

With almost everyone cashing out lately, it didn’t take much to drive the 2.6% gain in the S&P 500 in an everything-rally attributed to hopes of a less-hawkish Federal Reserve and the fading UK market crisis.