This Is Why You Shouldn't Sell In May (And Go Away)

The note reiterates a buy rating on S&P 500-tracking assets and targets 7,778 by end-2026, implying upside from current levels. It argues that worries about war escalation, a new Fed chair, and oil above $100 are overstated because of economic resilience and strong net income margins. The message is constructive for broad equities, but it is primarily analyst commentary rather than a new market-moving catalyst.

Analysis

The note reiterates a buy rating on S&P 500-tracking assets and targets 7,778 by end-2026, implying upside from current levels. It argues that worries about war escalation, a new Fed chair, and oil above $100 are overstated because of economic resilience and strong net income margins. The message is constructive for broad equities, but it is primarily analyst commentary rather than a new market-moving catalyst.