Bear market rally incoming

Glad to see you on a Monday morning.?Phil Rosen here — the stock market still can't catch a break. Investors should be alert for a?bear market ?rally on the horizon before?another plunge in the face of Fed hawkishness .

Let's see what top analysts have to say. Coffee at the ready…

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1. Stocks might be poised to rally, but brace for another fall.?Bank of America analysts said Friday that?the S&P 500 could surge 7% , but will reverse course again in a classic bear market head fake.?

According to the note, a contrarian indicator is flashing the "buy" signal, and investors should take advantage of it ahead of a rally.?

But once the S&P 500 hits 4,400,?investors should get out ?or look for ways to short the market.?

That's because?Fed tightening is going to keep driving stocks lower , even if a rally materializes in the near term, the bank's analysts said. On top of rate hikes, the central bank still has billions to shed from its $9 trillion balance sheet.??

"No fun 'til [the] Fed [is] done... and in 2022 that requires [a] negative payroll print," BofA explained.

But their bearish outlook could change?if high-yield credit recovers its recent weakness and shows signs of strength. That would signal that the credit markets are unlikely to seize up, as they have in past recessions.?

In other news:

2. UBS analysts are most bullish on this batch of stocks.?Recession ?fears and wild market swings have created unique investing opportunities, but these buy-rated stocks could reward investors —?see their 43 "highest conviction" picks here.

3. A new type of ETF is having a moment this year as stocks and bonds sell off.?One of the largest providers of buffered ETFs told Insider how they work —?and how they are designed to minimize or wipe out investors' downside.?

4. The VP of investment strategy at $46 billion Glenmede shared his two criteria for calling a market bottom.?Mike Reynolds said that a rebound isn't happening in the market until specific parameters are met.?Plus, he broke down his three favorite investment ideas right now.?

5. The economy is still on track to finish its jobs recovery this summer.?If the pace of job creation holds, the country could be on track for a July recovery goal.?That pace is three times as fast as the rebound from the 2008 financial crisis.?

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