Stocks are on track for a third straight year of stellar returns. Why a fourth isn't out of the question.

Core Viewpoint - After three consecutive years of returns exceeding 10% for the S&P 500, the expectation is that gains in the fourth year are generally more modest, yet 2026 could still present significant opportunities for stock investments [1] Group 1 - The S&P 500 has experienced three years of returns at or above 10% [1] - Historical trends suggest that following such strong performance, the fourth year typically sees more subdued gains [1] - Despite the historical trend, there remains optimism for a strong performance in 2026 [1]