2026 Market Outlook: Another Year Of Strong Gains, But Gold Will Outperform Again

Core Viewpoint - The S&P 500 has experienced a three-year period with average returns exceeding 20%, raising concerns about the sustainability of such performance given the index's P/E ratio is currently double the historical average [1] Group 1 - The S&P 500's recent performance has led to valid doubts regarding future returns [1] - The index's P/E ratio is significantly higher than its historical average, indicating potential overvaluation [1]