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Will the US stock market continue to be red-hot in 2026?

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Aside from global conflicts, any number of problems within the United States could set back the seemingly unstoppable US stock market.

Aside from global conflicts, any number of problems within the United States could set back the seemingly unstoppable US stock market.

ILLUSTRATION: ALEX NABAUM/NYTIMES

Jeff Sommer

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The US stock market turned in an eye-popping performance in 2025, for the third consecutive year. This remarkable string of repeated, compounded, double-digit gains has bolstered the wealth of anyone with broad stock holdings.

Celebrate your good fortune, certainly, if you’ve been riding the market’s impressive rise. But this is also a good time to assess whether it would be wise to pare back some of the risks that stock investing entails, especially in this inconstant environment.

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