‘Precarious’ is Wall Street’s defining word for 2026

As we head into 2026, markets are generally pretty bullish. Despite a couple of policy-related hiccups and bubble scares in 2025, the S&P 500, Dow Jones, and Nasdaq all posted healthy returns. And why shouldn’t that continue?

Analysts are of the opinion that the good times will continue to roll—not least because of the massive stimulus packet set to land in the One Big Beautiful Bill Act. However, there’s also an understanding among Wall Street analysts that the conditions for success are getting narrower and narrower.