Evercore Names the 3 Conditions That Could Wipe Out S&P 500’s Gains

Evercore ISI outlined a worst-case midterm scenario with three conditions, the first being a Democratic sweep whose odds it puts at 95%. Nasdaq 100 futures fell nearly 1.5% as that probability rose. Evercore's worst case would put the S&P 500 at 6,800 by year-end, erasing nearly all of the index's 2026 gains. Traders would care because a broad equity drawdown of that scale typically drags risk assets like crypto down with it.