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The Stock Market Sounds an Alarm Triggered Just Once Before. History Says This Will Happen Next.

The stock market is more expensive today than it has been since the dot-com bubble.

The Stock Market Sounds an Alarm Triggered Just Once Before. History Says This Will Happen Next.

Published July 28, 2026 · Category: Finance

Overview

The U.S. stock market has delivered decent returns in 2026 despite persistent economic uncertainty created by tariffs and, more recently, elevated oil prices tied to the Iran war. This year, the S&P 500 (SNPINDEX: ^GSPC) has added 8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has added 7%.

However, the S&P 500 recently flashed a warning last seen during the dot-com era, and it hints at big losses in the stock market over the next three years. Read on to learn more.

Image source: Getty Images.

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Originally published at www.fool.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.