Cantor Fitzgerald suggests that the recent pullback in U.S. equities may present a medium-term buying opportunity.

The firm maintains a cautiously optimistic stance, noting that geopolitical tensions in the Middle East have introduced near-term uncertainty. However, underlying economic conditions and corporate earnings appear resilient enough to absorb potential shocks related to the conflict.

Cantor Fitzgerald added that risks remain elevated, with multiple possible outcomes depending on how the situation evolves. Investors should not expect a clear or straightforward near-term market trajectory, according to the report.

The institution pointed out that institutional investors have reduced their exposure, and valuation multiples have contracted significantly. Although the S&P 500 has fallen about 6% from its peak, the forward price-to-earnings ratio has dropped by approximately 14%, indicating a deeper underlying sense of caution in the market.