The U.S. stock bull market is still in its early stages, according to Evercore ISI analyst Julian Emanuel. He believes that the stock market will accelerate during the upcoming Trump presidency due to deregulatory policies in Washington, D.C. Emanuel predicts that the S&P 500 index will reach 6,600 points by the end of June next year, an increase of 11% from current levels.
He believes that Trump’s moves to deregulate agencies will boost corporate profits.
