Evercore: US stock market crash has just begun, bear market will continue until 2024

Julian Emanuel, Chief Equity and Quantitative Strategist at the American financial firm Evercore ISI, stated that the stock market is experiencing a downturn and is expected to continue until 2024. He pointed out that stagnating inflation progress, uncertainty about the timing of Fed rate cuts, and upcoming election volatility will put pressure on the stock market. Despite expecting the stock market to continue to decline, he plans to buy in when the S&P 500 index tests near his target price. In recent days, US stocks have been falling continuously, and investors are uncertain about further upside potential