Recovery products return despite continued slides in S&P 500

The US has seen a plethora of product issues in the past month that bank on a long-term recovery in equity markets, despite the S&P 500 index continuing its lacklustre performance. February was marked by tough operating conditions, with fewer than three launches on some days, and issuance grinding to a halt on one occasion.

However, a noticeable theme has been bullish products, usually accelerated growth structures, linked to the S&P 500. Sentiment therefore appears to indicate that the index has

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