S&P 500 Battleground at 7,500

S&P 500 stuck at 7,500. Implied correlation index surged from 3.3 to 12, indicating broadening but not yet a bottom. New catalyst: Trump's 'Economic D-Day' on Iran (Bessent). UBS raised year-end target to 8,100, citing $350 EPS for 2026 and $400 for 2027. Retail sentiment turning bearish on SPY as contrarian signal. Market pullback driven by bond yields and inflation fears. US equity funds still see inflows.