How Much Will the Stock Market Fall in 2026?

Some questions to consider as we approach a new year for the stock market: What will the worst drawdown look like? Going back to 1928, the average peak-to-trough drawdown in a given calendar year is -16%. That’s higher than it seems, right? Drawdowns were worse than average in 2025 (-18.9%), 2022 (-25.4%) and 2020 (-33.9%). Peak-to-trough drawdowns were better than average in 2024 (-8.5%), 2023 (-10.3%) and 2021 (-...