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

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

In a note from Evercore ISI, patrician simply adequate “Investors Believe The World Has Changed”, a organisation once again confirms that cost drives account (recall that everybody was bearish should Trump win), and writes that “Post election, investors trust a universe has changed. Whether or not Trump’s pro-growth bulletin is enacted or succeeds, investors we surveyed yesterday seemed to buy into it. For example, a accord of investors we surveyed yesterday put a SP during a finish of subsequent year during 2425; a identical consult we conducted on Nov 3 put a SP during 2087.”

Below is a outline of what a post-Trump consult found – note that a Trump presidency, widely panned by marketplace participants before a election, is now seen during 6.5 on a scale of 0 to 10, with 10 being “wonderful”:

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