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Summary - I expect a correction of 10% or more in large-cap US stocks, particularly the S&P 500, in early or mid-2026. - Consensus bullish sentiment and elevated S&P 500 valuations relative to global peers underpin my cautious outlook for US equities. - I view potential US equity weakness as a buying opportunity and am preparing my portfolio accordingly. - I favor British and European stocks, gold, and bonds to prepare for such a correction. Main Thesis & Background The purpose of this article is to look ahead at the new year and discuss why I am very confident we will see a correction (defined as 10% or more) in large-cap US stocks
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