RMR INDUSTRIALS CL B

Inflation remains high, but the stock market is expected to continue its upward trend due to strong labor market, earnings growth, and capital returns. However, the risk of further inflation acceleration remains.

Related tickers: HCSG, RMRI, IMKTF.

Evercore ISI analysts predict the market has entered a correction phase driven by weak August and September seasonality and heightened political volatility, similar to the Clinton vs. Dole and Bush vs. Gore election years. They expect the S&P 500 to test its 100-day moving average before resuming an upward trajectory to a year-end target of 6,000.

Related tickers: SPGI, RMRI, MP.