The stock market is ‘priced for perfection.’ Here’s what could drive a nearly 20% slump for the S&P 500 next year.
Why now
Thesis: Valuation complacency is the core risk
Catalyst to watch: Earnings disappointments or growth data
Main risk: Forecast is opinion, timing uncertain
Why it matters
A strategist's 'priced for perfection' call warns that any earnings miss could trigger a sharp de-rating, with gold as the hedge.
Details
Clocktower’s Eric Wallerstein believes stocks are headed for trouble next year, and safety-seeking investors could drive gold to $6,000 an ounce.
Sources
- marketwatch · 2026-09-24 11:17 UTC