00:00 Speaker A
Despite the recent downturns, our next guest believes this presents a buying opportunity and contends that the bull market is far from finished. We’re now joined by Julian Emmanuel, the senior managing director of equity derivatives and quantitative strategy at Evercore ISI. It’s always a pleasure to have you with us, Julian. Let’s dive right in. You’ve expressed confidence that this bull market isn’t over and that the current correction represents a chance to buy. What fuels that confidence? Please explain your reasoning.
00:44 Julian Emmanuel
First off, through discussions with clients, examining the data, and considering market positioning, it seems that sentiment is at an all-time low. When you observe market behavior, such pervasive pessimism tends to create unique opportunities. While we see soft data and attitudes deteriorating, the hard economic data still shows resilience—albeit with some minor cracks. In our view, all of this suggests that the bull market may not be finished, and this could indeed be a buying opportunity. Plus, today’s market activity was surprisingly positive considering how the day began.
