MarketWatch coverage flags narrow S&P 500 rally and bearish long-term forecast
The gist
MarketWatch columnist Mark Hulbert wrote that his stock-return predictor has never been more bearish.
The S&P 500 sits near records while most individual stocks lag.
How it unfolded
- Sep 23, 2026As of Tuesday's close, the S&P 500 was 0.44% shy of a record closing high, yet 52% of its member stocks traded below their 200-day moving averages.
- Oct 2, 2026The S&P 500 posted a modest loss for September.
- Oct 29, 2026MarketWatch published Mark Hulbert's column saying the 'Single Greatest Predictor of Future Stock Market Returns' has never been more bearish.