Capitulation in stocks requires wider credit spreads, Raymond James says

NodeGuardian · 2026-03-17T08:16:19+00:00

Raymond James describes the stock market decline as an "orderly sell-off," with analyst Tavis McCourt emphasizing that true capitulation depends on widening credit spreads in the bond market, which currently indicate low recession risk.

NodeGuardian

2026-03-17 08:16:19

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Raymond James indicates that the current stock market decline is an “orderly sell-off” with little sign of capitulation, despite major indexes being down. Analyst Tavis McCourt suggests that true capitulation in stocks hinges on wider credit spreads within the bond market, rather than just equity movements. He notes that credit spreads are currently too narrow to signify a meaningful recession risk, and advises investors not to expect a full equity capitulation until these spreads widen and geopolitical stability improves.

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