UBS's Julian Emanuel Sees More Downside for S&P 500

The video discusses market complacency, potential downside, and the impact of political and economic uncertainties on the S&P 500 and VIX. It highlights the need for adjustment and the role of leverage in market volatility. The discussion includes potential deleveraging in global equities and market liquidity. Political uncertainty, especially regarding the U.S. election, is emphasized as a factor influencing market behavior. Investment strategies during uncertain times, such as transitioning from call selling to put selling, are also explored.

What does the text indicate about the potential for market rallies after election cycles?

What strategies are suggested for long-term investors during election uncertainty?