Wolf Research: Last week's stock market rise "signals" a bear market

The company stated that last week's stock rebound is more likely a signal of a bear market rather than an indication of market improvement, meaning investors should prepare for greater volatility. The company's Chief Investment Strategist, Chris Senek, wrote on Monday: "Although the index has not yet officially fallen 20% from its historical high, the price movements over the past week are 'screaming' bear market to us, and stocks may see lower highs and lower lows." He also added: "The S&P 500 is currently down only 2.5% from its 'liberation day' closing price, while the effective tax rate has significantly increased, despite a 90-day mutual suspension period! Given the market's extreme sensitivity to economic data releases and news flow, especially with the details of the trade agreement being announced, we expect more severe upward volatility as investors make judgments and inferences based on the latest data points."