According to BeInCrypto, Evercore ISI outlined three potential conditions that, if realized, could eliminate nearly all of the S&P 500’s gains for 2026. One of these conditions involves a Democratic sweep in the midterm elections, described as the first condition in Evercore’s worst‑case midterm scenario. Nasdaq 100 futures fell about 1.5 % when that outcome became more likely at roughly 95 % probability. If all three conditions occur together, Evercore’s worst‑case projection places the S&P 500 at approximately 6,800 by year‑end, which would wipe out nearly all of the index’s 2026 gains. The analysis identifies these three factors as the key elements of Evercore’s bear‑case outlook.
