Politics is cornering policy into an inflationary path : The Financial Times opened this morning with 2026 S&P 500 forecasts. Not a single major bank predicts a decline. It’s become a contest of who dares to call the biggest jump. On paper, equities look almost risk-free. But the real story sits underneath: the economic assumptions driving these targets.
Most expect corporate earnings to surge next year. That, they claim, is what drives the S&P higher - not stretched valuations. Strange, given...
