Macro Risk Advisors' John Kolovos talks possible volatility in 2026

Market Outlook - The market is expected to continue its upward momentum in the coming weeks, with the S&P potentially reaching around 7,200 [2] - However, there are expectations of a significant correction next year, possibly around 15%, or even a bear market [3][10] - The current market trends show strong performance, with the S&P maintaining higher highs and higher lows above the 50-day moving average [5] Presidential Cycle Impact - The second year of the presidential cycle typically yields below-average returns, averaging around 3-4% gains, and is often associated with market corrections [7][10] - The upcoming midterm elections and related uncertainties are anticipated to create volatility in the market [6][11] Technology Sector Challenges - The technology sector may face headwinds next year, diverging from the previous trend where all sectors rose together [9] - The uncertainty surrounding the Federal Reserve's policies is expected to persist until at least April or May, contributing to market challenges [10] Precious Metals Outlook - Precious metals, particularly gold and silver, are in a generational bull market, having bottomed in 2020, with expectations for continued upward movement [12] - Silver is projected to trade between 80 to 85 before experiencing a significant pullback, while gold is expected to reach at least 5,000, with potential for an extension up to 7,000 [13][14]