Equity market pullback could have -5% to -9% downside, Evercore says
Investing.com -- The U.S. equity market faces a potential pullback of 5% to 9% in the near term, according to Evercore ISI analysts on Monday, citing a combination of macroeconomic and policy factors.
However, they explain that the stability has now fostered investor complacency, with looming risks such as tariffs, immigration policies, higher yields, and a hesitant Federal Reserve weighing on market sentiment. Evercore emphasized that the"perceived drags from tariffs and immigration" could exacerbate the ongoing market wobble.
Amid the volatility, Evercore recommends maintaining a barbell strategy, pairing growth sectors like information technology and communication services with defensive plays in health care and consumer staples.While Evercore sees near-term headwinds, they stress that AI-driven productivity gains and broader economic themes catalyzed by Trump's policies could support long-term market resilience.
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