Julian Emanuel has a long-term target of 9,000 for the S&P 500, driven by FOMO, despite current macro risks.
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Evercore’s Julian Emanuel: Why the S&P 500 Is Heading to 9,000
Aug 26, 2026
The market is entering a dangerous seasonal transition with earnings season over and equities exposed to a volatile bond market. Julian Emanuel of Evercore ISI warns that a low VIX is masking systemic risks and discusses the potential for a bull case of 9,000 on the S&P 500 driven by FOMO and significant IPOs. He also highlights the attractiveness of negative beta stocks like McDonald's and PepsiCo for diversification and index-like returns.
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Julian Emanuel recommends negative beta stocks like PepsiCo, which correlate inversely to the S&P 500, as a way to achieve index-like returns and diversification.
Julian Emanuel recommends negative beta stocks like McDonald's, which correlate inversely to the S&P 500, as a way to achieve index-like returns and diversification.
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