Despite recent market volatility, Evercore ISI analysts assert that we are still in a bull market and view the current selloff as a"buyable correction."
At that time, the U.S. was embroiled in one of the most brutal bear markets in history, driven by political, social, and economic turmoil. "The challenge to markets today pales in comparison to the political, social, and economic disarray half a century ago," Evercore ISI points out, emphasizing that current conditions should not be cause for panic., a key measure of market volatility, reached a peak of 65 on Monday, which they believe reinforces the view that the selloff is merely a correction within a broader bull market.
As the second-quarter earnings season concludes, Evercore ISI notes that earnings growth of over 11% and stable estimates for 2024 and 2025 are positive indicators.
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