Former Wall Street Bull Now Expects Stocks To Fall 15-20% This Year | Mark Newton, Fundstrat

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When today's guest was last on the program back in Oct, he predicted stocks would end 2025 at all-time highs.

And he was right.

But he indicated that he had growing concerns about 2026.

So, is he still worried about the year ahead? Or has the situation changed?

To find out, we're fortunate to welcome back to the program Mark Newton, Head of Technical Strategy at market research firm Fundstrat, where he works with its founder Tom Lee.

In short, Mark sees the S&P dropping by 15-20% this year.

He also shares the trading signals that will tell him it's time to start selling silver.

For the details, including which assets he thinks will perform well this year, watch this video.

Follow Mark at https://fundstrat.com/mark?utm_medium...

Or on X at @marknewtonCMT

#marketcorrection #goldprice #silverprice

0:00 - Macro level outlook update from previous interview
2:06 - Choppy year ahead with potential 15-20% decline
2:51 - Cycles turning down in late February
3:37 - Sentiment optimism and geopolitical factors
4:34 - Technology slowdown and sector rotation
5:24 - Not an earnings-led decline, broadening positive
6:00 - Outperforming benchmarks by avoiding big tech
6:57 - Portfolio managers' potential outperformance
7:35 - Overweights in energy, materials, industrials
8:11 - AI beneficiaries spreading beyond developers
8:35 - Governments taking interest in AI globally
9:26 - Basketball team analogy for market health
10:27 - Global indices at highs, constructive signs
11:18 - Watching tech comeback after earnings
12:20 - Difficulty picking tops, segue to gold/silver
13:10 - Statistical rarity of consecutive strong years
14:11 - Difference in methodology from Tom Lee
15:48 - Choppy year with volatility and corrections
16:43 - Sharing screen for S&P outlook chart
19:04 - Sector overweights and concerns reversed
20:59 - De-risking strategies based on risk tolerance
21:48 - Commodities rally despite weakening inflation
23:52 - Silver's bullish long-term breakout
25:23 - Issues with metals' parabolic state and sentiment
26:23 - Rally into February then correction expected
27:35 - Conference views on bubble territory in metals
29:32 - Protecting gains with stops and trends
30:05 - Technical analysis over biased reasoning
30:50 - Interest rates bottoming, real yields creeping up
33:17 - Fed pressures and dovish policies
34:43 - Debt issues and tariffs' impact
36:03 - Fundamental question on precious metals
36:28 - Wall Street firms on bond regime shift
37:26 - Not suggesting gold entry now, poor risk-reward
38:17 - Crude ending bear market, rally expected
39:20 - Corroborative data on oil and gas attractiveness
40:41 - Need for fossil fuels with AI growth
42:10 - Cycles and trends for crude outlook
43:23 - Invitation for Q2 return appearance
44:08 - Dollar devaluation and currency opportunities
45:17 - Japan stock market and yen weakness
46:43 - Liquidity models and headwinds
47:55 - Affordability problems in housing
48:46 - Where to follow Mark Newton's work
49:35 - Closing thanks and appreciation
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