Stock Market Outlook: Mania to Push S&P 500 up Before 26% Drop, Stifel Says
- The S&P 500 could lose a quarter of its value next year, according to Stifel.
- The benchmark index looks like it’s caught in a “mania,” the firm’s strategists said in a note.
- Investors could be impacted long-term, as manias tend to lead to poor returns in the next decade.
