Evercore: Correction has begun; seasonality, political uncertainty to underpin market volatility By

Category: Finance

Evercore ISI reports a market correction influenced by weak seasonal trends and political volatility, predicting a test of the 100-day moving average before a potential year-end target of 6,000. They see no signs of a tech bubble like in 2000, but caution about possible corrections. Recommended investments include AI Revolutionaries and sectors like Communication Services and Health Care, while advising against economically sensitive sectors. Small caps are noted to have outperformed amid recent market challenges.

Keywords: Market Correction, Investment Strategy, Political Volatility

Source: Investing.com

Update At: 7/23/2024

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