Evercore ISI Warns of 'Weak and Vulnerable' S&P 500

The video discusses the current state of the market, highlighting the caution advised by Evercore strategists due to weak S&P 500 performance and negative trends in crude, credit, tech, and trade. It analyzes the market's transition from a strong trending phase in 2017 to a volatile, non-trending phase, with defensive market internals. The 2019 outlook suggests low forward returns, with trade issues and Fed policies impacting growth. A potential trade ceasefire could lead to a year-end rally, but the market's technical underpinnings remain weak.

What is the current state of the S&P 500 according to the strategist at Evercore?

• Strong and trending upwards

• Weak and vulnerable

• Stable and non-volatile

• Unpredictable and chaotic

What was the market condition in 2018 as described in the video?

• A year where everything got hit

• A year of stability

• A year of rapid growth

• A year of high returns

What is the Federal Reserve's goal regarding demand growth?

• Increase it to 5%

• Maintain it at 3%

• Reduce it to closer to 2%

• Eliminate it completely

What is the potential impact of a trade ceasefire on the market?

• A significant increase in interest rates

• No impact at all

• Immediate market crash

• A year-end risk rally

What should investors focus on according to the technical analyst?

• Future predictions

• Current observable market conditions

• Historical data

• Media speculations