Will 2026 Be The Year The Stock Bubble Bursts? | Kevin Muir
And what will happen if it does?
After two 20%+ years of returns for the S&P in 2023 and 2024, 2025 looks like it will close with another big double digit performance.
Three back-to-back-to-back years of performance like this is somewhat rare in markets.
What's the likelihood the streak will continue in 2026?
Or is performance more likely to mean-revert?
To discuss, we're fortunate to speak today with market veteran Kevin Muir, founder and editor of The Macro Tourist, the highly-acclaimed newsletter that currently ranks as one of the top financial Substacks in the world.
Kevin is extremely concerned about the bubble-conditions of the stock market and is confident shares of the Mag 7 companies will -- as they have before -- experience another 33-50% price correction.
The key question of course is: When?
To hear his outlook & what assets he prefers right now, click here or on the video below:
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Adam’s Notes: Kevin Muir (recorded 12.19.25)
EXECUTIVE SUMMARY:
Market Uncertainty and Noise: Kevin Muir describes the current economic environment as highly uncertain, with conflicting signals from fiscal policies, geopolitical shifts, and market hype, advising against overconfidence in predictions.
Trump’s Policies and Paradox: He critiques Trump’s economic approach as
