<div id="readability-page-1"><div><div><p>Stifel is setting expectations for a volatile 2026, projecting the <strong>S&amp;P 500 will trade within a 6,500 to 7,500 corridor next year </strong>as macro uncertainty persists.</p><p>In its latest strategy update, Stifel's Barry Bannister said the firm is approaching the year by weighing “upside potential versus downside risk” after what it describes as having “fallen into a bear trap” following the tariff pivot in April 2025.</p></div></div></div>

BULL

<p>Stifel 预计 2026 年将会出现波动，预测标准普尔 500 指数明年将在 6500 到 7500 的区间内交易，因为宏观不确定性仍然存在。在最新的战略更新中，Stifel 的 Barry Bannister 表示，该公司在接下来的年度中将权衡 “上行潜力与下行风险”，因为他们认为在 2025 年 4 月关税政策转变后，市场已经 “陷入了熊市陷阱”</p>

用防御性股票和黄金对冲 “大科技”：Stifel 提出 2026 年的牛市和熊市情景