Wall Street Analyst Predicts Market Changes and Economic Shifts by 2026
According to Odaily, renowned bearish Wall Street analyst Peter Berezin predicts a significant shift in the stock market by early 2026 as investors move from technology stocks to non-technology stocks and from growth stocks to value stocks. Berezin expects these changes to lead to the S&P 500 index closing at 5280 points in 2026, marking an annual decrease of 23%, while the Nasdaq Composite index is likely to fall by 31%. Additionally, the US dollar is predicted to weaken, while the yen is expected to strengthen significantly, with the dollar to yen exchange rate likely reaching 115 by the end of the year. Gold prices are expected to reach new historical highs. Growing concerns about a recession in the US economy are likely to prompt the Federal Reserve to accelerate interest rate cuts in the second half of 2026. By December 2026, the federal funds rate is expected to decrease to 2.25%, and the yield on 10-year US Treasury bonds is likely to fall to 3.1%.$BNB
