S&P 500’s best two-year gain since 1998 ends with a historic losing streak. 2025 could see a historic collapse, with a potential 40-60% decline.
The S&P 500 closed 2024 with its best two-year gain since the dot-com bubble years of 1997 and 1998. Yet it ended the year with four consecutive daily losses, a year-end losing streak that hasn't happened since 1966, the year stocks peaked before entering a 16-year bear market. — Peter Schiff (@PeterSchiff) January 1, 2025 …