“The World Has Changed” – Average S&P Target Before Trump: 2,087; After Trump: 2,425

zerohedge.com / by Tyler Durden / Dec 1, 2016 12:08 PM

In a note from Evercore ISI, titled simply enough “Investors Believe The World Has Changed”, the firm once again confirms that price drives narrative (recall that everyone was bearish should Trump win), and writes that “Post election, investors believe the world has changed. Whether or not Trump’s pro-growth agenda is enacted or succeeds, investors we surveyed yesterday seemed to buy into it. For example, the consensus of investors we surveyed yesterday put the SP at the end of next year at 2425; a similar survey we conducted on Nov 3 put the SP at 2087.”

Below is a summary of what the post-Trump survey found – note that a Trump presidency, widely panned by market participants before the election, is now seen at 6.5 on a scale of 0 to 10, with 10 being “wonderful”: