Adam Taggart's Thoughtful Money®

Adam Taggart's Thoughtful Money®

The Market Is Topping Out & Will Start To Correct By Q1 2026 | Michael Oliver

A technical analyst makes the case for the worst bear market of our lifetime to start soon

Adam Taggart's avatar
Adam Taggart
Nov 25, 2025
∙ Paid

Last week saw a big reversal that jarred Wall Street: after reporting yet-again blockbuster results and upgrading its forecast, Nvidia stock first rose 6%, then fell to close the day down -3%

This dragged the major indices down with it, along with most high growth Tech stocks, as well.

Suddenly Wall Street starting panicking that the AI bubble had just burst before its eyes.

Did it?

Or was this just a pullback to set the markets up for an end-of-year rally?


To address these pressing questions, we’re fortunate to welcome back to the program technical analyst and author Michael Oliver, founder of market research firm Momentum Structural Analysis.

Michael sees the market as topping out here, a process that will take months.

But he fears the ‘worst bear market’ of our lifetime may start next year.


To find out why, and where to seek safety during it, click here or on the video below:


GOT GOLD?: Read our free Guide To Buying and Storing Gold & Silver:

Read Our Free Gold Buying Guide


I’m so grateful to everyone who has kindly supported me by becoming a premium subscriber to this Substack. It makes an important difference in helping me fund the substantial operating costs of running Thoughtful Money.

Premium supporters receive my “Adam’s Notes” summaries to the interviews I do, the wildly-popular MacroPass™ rotation of reports from esteemed experts, VIP discounts, plus periodic advance-viewing/exclusive content. My Adam’s Notes for this discussion with Michael are available to them below.

If you, too, would like to become a premium subscriber to this Substack (it’s only $0.52/day), then sign up now below:


Adam’s Notes: Michael Oliver (recorded 11.24.25)

EXECUTIVE SUMMARY:

  • Michael Oliver sees the stock market in a multi-year topping process that began late 2024 / early 2025; the real downside break will likely arrive in Q1 2026 and will be far worse than 2000-2002 or 2007-2009.

  • The current sell-off is

User's avatar

Continue reading this post for free, courtesy of Adam Taggart.

Or purchase a paid subscription.
© 2026 Adam Taggart · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture