Surveillance: Bank Capital with PIMCO CEO
Bloomberg Surveillance
00:00
The 20% Potential Gain on the S&P 500
Julian Emmanuel is equity derivatives and quant strategist at Evercore ISA for the ISI. He says we are seeing this 20% potential gain on the S&P since the lows that we saw in October. We don't want to put the label bull market on it okay because frankly our base case is that sometime in the next 12 to 18 months you're going to have a recession, he adds. Julian: "We're happier when equities go up I think"
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