S&P 500 bull case remains operational
Evercore's Julian Emmanuel argues that the S&P 500 remains on track for 7,750 with a 9,000 bull case still possible, driven by a recovery in mega-cap tech earnings.
The argument
Emmanuel suggests that the current negativity surrounding technology stocks represents a contrarian buying opportunity. He expects upcoming earnings to refresh investor attitudes toward hyperscalers like Microsoft and Meta.
The thesis, stress-tested
✓ What validates it
- ✓Hyperscalers report strong earnings in upcoming quarters
- ✓S&P 500 breaks above key resistance levels
▸ Risks discussed
- ▸Persistent tech sector volatility
- ▸Delays in earnings recovery for hyperscalers
Hear it yourself
"From our global headquarters in New York City, we are live on Bloomberg Television weekday mornings from six to 9AM eastern. Subscribe to the podcast on Apple, Spotify, or anywhere else you listen. And as always, on the Bloomberg terminal and the Bloomberg business app. We begin this out with stocks sliding as the tech sell off deepens. Julian Emmanuel of Evercore remains constructive writing, we remain steadfastly bullish led by AI names and themes. Stocks remain on course for 7750, and the nine k bull case is still operational. Julian joins us now for more. Julian, good morning."
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