Wall Street Capitulation Calls Get Ever Harder as Stocks Bounce

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.

A constituency that will be less pleased by the rebound: Wall Street pros who have been agitating for signs of full-on investor surrender to the bear market in order to signal a bottom for equities.