US equities: published research is broadly bullish, but the bearish minority is louder than usual.
The bull case, as laid out across recent third-party research, rests on earnings and structure. One camp expects US equities to deliver the strongest EPS growth globally this year and into 2027. Others argue the current backdrop — productivity gains, favorable capital income dynamics, and structural pro-growth reforms like lower corporate taxes and full capex expensing — is one of the best investing setups in decades. Technical work points to solid breadth, intact moving-average support, and a post-midterm seasonal pattern that has historically averaged 15% over the following 12 months.
The bear case, from a smaller but vocal group of analysts, flags stretched valuations, tariff-driven inflation as a marginal drag on a growth-heavy index, and warns of a possible 15–20% correction by Q1 after a 17-year bull run. A more extreme thread revives "super-bubble" comparisons to 1929 and the dot-com peak.
Same horizon, opposite conclusions — a real disagreement, not a timing mismatch.