economy
Evercore ISI predicts 'inflection point' is days away, plans to commit capital if S&P 500 drops to this level
A week of "maximum uncertainty" should deliver a key opportunity for investors, according to Evercore ISI's Julian Emanuel.
TL;DR
- Evercore ISI's Julian Emanuel expects an 'inflection point' for investors in the coming week.
- He identifies April 6th as a potential gamechanger for energy prices and markets.
- Emanuel plans to invest more in stocks if the S&P 500 falls to 6,150, a level indicating correction territory.
- He draws parallels to last year's 'tariff tantrum' and expects a rebound after a policy breakthrough on Iran.
- Emanuel sees an opportunity in struggling artificial intelligence stocks due to visible earnings streams.
- He also recommends investing in large-cap tech, noting the Nasdaq 100's lower P/E ratio relative to the S&P 500.
- Emanuel has a year-end target of 7,750 for the S&P 500.