The stock market’s ‘sugar high’ is starting to fade. Why investors could see a slow grind higher from here.
MarketWatch • • business
Key Points:
- Barry Bannister, chief equity strategist at Stifel, predicts that stocks will move sideways in 2026, contrasting with the more optimistic consensus.
- He warns that the strong market gains of the past three years are fading, leading to a slow and gradual increase in stock prices next year.
- Bannister highlights a significant risk of a U.S. recession in 2024 if the labor market continues to weaken, a stance that differs from many other Wall Street strategists.
