Renaissance Macro sees an improving risk-reward backdrop and a stock market rally in the coming months.

Most recently, the escape velocity signal was also triggered in late 2023 and briefly again in August 2024 — two periods that preceded a stock-market run-up.

The S&P 500's fall back below 3,900 signals the stock market's rally off the October low was merely a “tactical bounce,” says top Wall Street chart watcher ...