The Bull Market in US Stocks Is Just Starting, Evercore Says
- Trump’s deregulation policies are seen adding fuel to rally
- ‘Expensive has a history of getting more expensive:’ Emanuel
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The US stocks rally is nowhere near done, according to Evercore ISI strategists, who see Donald Trump’s plans to slice through red tape propelling the S&P 500 Index another 11% through the middle of next year.
History shows the bull market is “still an infant,” Julian Emanuel wrote in a note. “This market will be driven higher by the policy prospect of deregulation in DC,” he said, setting a price target for the index of 6,600 points by end-June 2025.