Election results don't end bull markets, S&P 500 could hit 6,500, Evercore says

Election results don't end bull markets, S&P 500 could hit 6,500, Evercore says

Investing.com -- Despite typical volatility around elections, election results have not historically brought an end to bull markets on their own, according to Evercore ISI.

At the moment, Evercore sees no signs of a looming recession. Weekly jobless claims remain below 300,000, indicating continued economic growth. Credit spreads for both high-yield and investment-grade bonds are near post-pandemic lows, suggesting robust economic stability. Strategists explain that expensive markets can sustain gains for up to 18 months, provided there are no significant speculative surges in IPOs or M&A activity. Such frenzied activity is currently absent, and investor sentiment does not reflect extremes.

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