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Stock market bottom likely in Q2 or Q3 of 2022 -CIO

STORY: Wall Street has rebounded from near bear-market territory but investors remain concerned about decades-high inflation and aggressive monetary policy by the Federal Reserve possibly tipping the U.S. economy into recession.

"The bottom in the stock market will likely occur in the second or third quarter of 2022," said Stovall, adding that the S&P 500 could fall to 3,400 but finish the year at "4,750 or so."