It's very tough to be bearish going into 2026.

And there are reasons behind it.

First of all, Trump clearly said that he wants to see interest rates towards 1% in 2026.

He is also selecting a Fed chair soon, which will consult him on interest rate decisions.

Apart from, the odds of a dividend cheque distribution is 50% in 2026.

The Fed has also started T-bills buying, and they won't stop now.

Mid-term elections are coming next year, and a bullish market is always a good sign.

This means the current administration will do everything possible to pump the markets.

This will make the bubble bigger, and Fed eventually have to tighten similar to 2022.

After that, bubble will probably burst in 2026 end or Q1 2027, and we will get a prolonged bear market.