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Despite worries about the impact of US President Donald Trump's tariff policies and concerns about the healing of the economy fueling market volatility (^DJI, ^IXIC, ^GSPC), EVERCORE ISI senior managing director of equity, derivatives, and quantitative strategy Julian Emanuel says the bull market has room to run, and downturns are buying opportunities.
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despite the recent declines, our next guest says this is a buying opportunity, and that the bull market is not over. Joining us now is Julian Emmanuel, Evercore ISI senior managing director, equity derivatives and quantitative strategy. Julian, always great to see you and to have you on the show. So, let's start right there, Julian. You say you've got confidence, this bull market, it's not over, this current correction, it's a, it's a buying opportunity. What gives you that confidence, Julian? Walk us through it.
Well, first of all, in talking with clients and looking at the data, and thinking about how people are positioned, the sentiment can best be described as abjectly miserable. Okay? And frankly, when you look at how markets trade when pessimism is as rampant as it is, when the data, the soft data, the, the, the, uh, you know, the attitudinal data has deteriorated, but the hard data, the actual on-the-ground economic data is still holding in, small cracks, but still holding in, uh, you know, in our mind, all of this adds up to the potential for the bull market not being over, this being a buying opportunity. And frankly, today's action was much more positive than I think any of us could have hoped, uh, looking at the way the day started.
