Reported 8 months ago
Evercore ISI recently raised its year-end target for the S&P 500 to 6,000, the highest target on Wall Street. Julian Emanuel, Senior Managing Director of Equity, Derivatives, and Quantitative Strategy at Evercore ISI, explained that they do not see signs of a market bubble forming, and there are no red flag signs of a recession based on jobless claims numbers. The firm remains optimistic about higher stock prices due to factors such as subdued sentiment and the Fed's cautious approach, expecting more room for growth. Emanuel also discussed the market's confidence in the Fed's ability to handle rate cuts appropriately, emphasizing the importance of avoiding policy errors.
Source: YAHOO