Bloomberg Surveillance · Friday, September 25, 2026
Darius Dale of 42 Macro is very bullish on stocks in the near term, anticipating substantial upside driven by a 'productivity boom' and 'jobless recovery' leading to margin and multiple expansion. However, he foresees a secular bear market potentially starting in 2027 or 2028.
“Our Bayesian prior from a research perspective is that the market has substantial upside and is a coil spring. We can talk about that Our view is that after that coiled spring, you know, to rise, it may persist throughout 2027 and perhaps even in 2028. But after that, we're likely to experience a secular bear market.”
“We have two views. Our Bayesian prior from a research perspective is that the market has substantial upside and is a coil spring.”