GeoMacro Strategy | Global Asset Allocation | Global Investment Strategy | Emerging Markets Strategy | US Equity Strategy
Bull/Bear Debate: Buy Dips or Sell Strength in 2H2026
13 Jul 2026, 11:30 EDT / 16:30 BST
Please join BCA as our Chief Investment Strategist Marko Papic moderates a debate between equity market bulls Juan Correa and Noah Weisberger, and equity market bears Arthur Budaghyan and Peter Berezin. Four strategists: two competing outlooks, zero house views, all from one firm that fosters truly independent thinking.
Monday, July 13
11:00 AM EDT | 3:30 PM BST | 4:30 PM CEST
The Bull Case:
- Highly visible forward earnings drive the market, with backlogs outpacing capacity
- Valuations remain clear of dot-com-era extremes
- Capex boom extends well beyond tech
- Positioning: S&P 500 target raised to 8100; stay overweight equities
The Bear Case:
- Shortage-driven "earnings bubble" – a 30-40% correction looms when it bursts
- AI investment rivals past bubbles; wave of AI IPOs signals late-cycle
- Rising yields and stocks on a collision course; thin breadth points to a coming drawdown
- Bullish on AI technology, bearish on AI profits — expect commoditized models with thin margins
- Positioning: Slight underweight equities; flat-to-down near term, defensive pivot possible later this year