Evercore's Emanuel Lifts S&P 500 Bull Case to 9,000 on 19% Upside
Updated
Updated · The Motley Fool · Jul 12
Evercore's Emanuel Lifts S&P 500 Bull Case to 9,000 on 19% Upside
2 articles · Updated · The Motley Fool · Jul 12
Summary
Julian Emanuel said his 9,000 S&P 500 bull-case target for 2026 now looks more likely, versus a 7,750 base case and a current index level near 7,575.
Brent crude's roughly 40% slide to $75 from May's $124 peak underpins that call by easing inflation pressure after CPI hit 4.2% in May.
That cooling backdrop could keep the Federal Reserve on hold through year-end, even after 9 of 18 FOMC members signaled at least one 2026 rate hike in June.
$8 trillion sitting in money market funds could then rotate into equities—especially AI-linked shares—while companies post their fastest earnings growth since 2021.
The forecast is more bullish than other Wall Street calls, with Oppenheimer and Citigroup expecting the S&P 500 to top 8,000 this year.