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There Will be a Bull Market Pullback, Says Evercore’s Emanuel
Bloomberg Television·2025-09-11 22:21

Market Outlook & Potential Risks - A pullback in the market is still likely, despite strong data, due to historical market behavior [1][2] - Every great bull market tends to have moments that try and get investors to get off the ride [2] - The current bull market is expected to reach 7750 by the end of next year [2] AI Adoption & Impact - The base case is that there will be 67% AI adoption within five years [3] - Companies are using AI not only to control costs but also to drive revenue, which is a significant shift [4] - The adoption of AI is on track with previous forecasts [4] Market Breadth & Participation - Market breadth is better than in the late 1990s, with advanced declines going up in lockstep with the averages [6] - The vast majority of stocks are participating in the bull market, not just a few [6]