Strategist Who Called Retail Boom Sees S&P Bull Case Near 5,500
- Emanuel, who recently joined Evercore, makes 2022 predictions
- Emotions may ‘shift frequently’ in stocks this year: Emanuel
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The bull market in the S&P 500 has further to run as the pandemic becomes endemic mid-year, according to Julian Emanuel, who in late 2019 correctly predicted the boom in retail investing.
Continued fiscal and monetary support -- even if it’s diminishing -- will help underpin U.S. stocks this year along with historically low interest rates and robust U.S. economic growth, Emanuel, who recently moved to Evercore ISI from BTIG LLC, wrote in a report Sunday. International equities and value shares are poised to outperform, he added.