The schism reflects the highly uncertain outlook for the US stock market in the face of strong cross-currents.
Investors have resumed shunning global stocks in favor of bonds.
They warn that the equity rebound won't last as macroeconomic data deteriorate.
The strategist expects a rebound in stocks on attractive valuations.
Stock investors have been betting that the Federal Reserve may soon pivot away from tightening monetary policy.
A Fed meeting, macroeconomic numbers and earnings all converge this week.
A rising number of analysts are saying it will take a recession to ease price pressures significantly.
Investors have pulled cash from global equity-focused mutual funds for at least five weeks.
Sanford C. Bernstein strategists say the big equity fund outflows have not happened yet.
Global growth and profit expectations sank to an all-time low.
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