Nasdaq rallies more than 1%, S&P 500 up ~0.5%; Dow flat
Comm Svcs leads S&P sector gainers; Energy down most
Dollar slips; crude lower; gold gains; bitcoin up ~4%
U.S. 10-Year Treasury yield ~flat at ~4.40%
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EVERCORE ISI SEES S&P 500 AT 6,800 BY YEAR-END 2025
Evercore ISI is out with its 2025 outlook, saying it sees the S&P 500 .SPX ending next year at 6,800 amid "positive business sentiment" around Republican President-elect Donald Trump.
The S&P 500 index is just over 6,080 on Monday.
According to a Dec. 15 note from Julian Emanuel, senior managing director leading the equity, derivatives & quantitative strategy team, "pandemic stimulus + the ongoing 'AI Revolution'" has driven a decade of equity returns "comparable to the 1920’s and 1950’s."
The team expects more volatility like 2018. Trump was previously U.S. president from 2017 to 2021.
Among potential risks going forward are higher bond yields and stagflation concerns, the note says.
Going into 2025, Evercore's overweight sectors are communication services, consumer discretionary and information technology, and they recommend buying AI "enablers, adopters and adapters," small caps and options when the Volatility index .VIX is low like it is now.
(Caroline Valetkevitch)
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FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
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MONDAY DATA ROUNDUP: FLASH PMI, EMPIRE STATE - CLICK HERE
TESLA'S ROAD TO $2 TRILLION: MUSK'S BET ON TRUMP FUELS LOFTY ANALYST TARGET - CLICK HERE
U.S. INDEXES RISE EARLY WITH TECH-RELATED SHARES - CLICK HERE
NOMURA'S GLOBAL 2025 OUTLOOK: FROM BOOM TO GLOOM - CLICK HERE
S&P 500 INDEX: HITTING A WALL? - CLICK HERE
SIX KEY CATALYSTS FOR GLP-1s IN 2025 - BARCLAYS - CLICK HERE
JEFFERIES STILL POSITIVE ON EUROPE'S GAMING SECTOR - CLICK HERE
THE ECB IS WIDE OPEN TO CUTTING RATES BELOW NEUTRAL - BOFA - CLICK HERE
EUROPE BEFORE THE BELL: FUTURES SOFT AT START OF CENTRAL BANK HEAVY WEEK - CLICK HERE
CHINESE CONSUMERS SHUT UP SHOP - CLICK HERE
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