Evercore ISI Sees S&P 500 Hitting 9,000 in 12 Months as Bull-Market Risks Stay Muted
Updated
Updated · CNBC · Aug 17
Evercore ISI Sees S&P 500 Hitting 9,000 in 12 Months as Bull-Market Risks Stay Muted
1 articles · Updated · CNBC · Aug 17
Summary
9,000 is attainable for the S&P 500 within 12 months, Evercore ISI strategist Julian Emanuel said, implying about 16% upside from Friday’s 7,785.76 close.
Emanuel argued the usual bull-market killers are missing: no recession, no spike in long-end yields, and no extreme investor or capital-markets FOMO.
121 stocks now sit on his Negative Beta list — a record — which he said shows investors are more diversified than they were before the dotcom bust.
His call stands well above RBC Capital’s 8,150 forecast, while his base case remains 7,750, roughly in line with the index’s current level.