For Better or Warsh: The Federal Reserve May Be Wall Street's Ticking Time Bomb in 2026

For much of the last seven years, optimists have been in firm control on Wall Street. The benchmark S&P 500 (SNPINDEX: ^GSPC) has risen by at least 16% in six of the last seven years (the 2022 bear market being the exception), while the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) and growth-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) have both rallied to several record-closing highs. While upside catalysts have been plentiful, including the rise of artificial intelligence, the advent of quant ...