Reported 19 days ago
In a recent discussion, Evercore ISI’s Julian Emanuel advised investors not to interpret the Federal Reserve's recent rate cuts as the start of a 'new era'. He highlighted that historically, such cuts support equity markets, predicting potential gains into 2025, especially for tech and small-cap stocks. Emanuel cautioned against complacency, emphasizing the uncertainty in macros and AI stock validity, but expressed optimism about AI as a productivity enhancer, bolstered by Microsoft's recent partnership with BlackRock.
Source: YAHOO