The market may be ending.
According to Evercore ISI, stocks should start grinding higher due to peaking inflation.
The last time bonds and stocks fell together was in 1994.
The market just sort of digested it, and there was a lot of sideways chop, according to the firm's senior managing director.
Over the next four years, it paved the way for an epic market break.
Emanuel noted that earnings carried the day.
The 10-year Treasury Note yield is expected to end this year at 3%. The yield started the week at 2.85%, the highest level since December.
The bull believes that consumer spending will buoy the economy.
Emanuel said that theMargins on balance haven't contracted because of the pricing power.
Wall Street optimism is at a 30-year low.
The AAII Investor Sentiment Survey was mentioned by Emanuel. Bears outnumbered bulls by about three to one. The results are seen as a key indicator by Emanuel.
Emanuel said it was a question of can you manage through what is already in the price from an asset market perspective.
He doesn't think corporate America will give inflation outlooks.
You're not going to hear that from companies. Emanuel said they don't need to take that risk guidance.
Emanuel has a 4,800 year-end target on the S&P 500, a 9% jump from Monday's close.
There is no truth to this.
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