Evercore ISI strategist Julian Emmanuel said that the S&P 500 is expected to reach 9,000 points within 12 months, with about 16% upside compared to current levels. He believes that the factors that ended the traditional bull market, such as economic recession, soaring long-term yields, and extreme investor sentiment, have yet to be revealed. Emmanuel also pointed out that the boom in artificial intelligence, the low level of corporate leverage, and diversified investors' positions will bring further upward momentum. Under its benchmark scenario, the S&P 500 target is still 7750 points.

Evercore ISI strategist Julian Emmanuel said that the S&P 500 is expected to reach 9,000 points within 12 months, with about 16% upside compared to current levels. He believes that the factors that ended the traditional bull market, such as economic recession, soaring long-term yields, and extreme investor sentiment, have yet to be revealed. Emmanuel also pointed out that the boom in artificial intelligence, the low level of corporate leverage, and diversified investors' positions will bring further upward momentum. Under its benchmark scenario, the S&P 500 target is still 7750 points.