The Stock Market Flashed This Warning Only Once Before. What Comes Next Isn’t Pretty

May 5, 2026
the-stock-market-flashed-this-warning-only-once-before.-what-comes-next-isn’t-pretty

The stock market keeps climbing, even as investors wrestle with sticky inflation, elevated interest rates, and slowing earnings growth. The S&P 500 has returned over 26% over the past 12 months, driven largely by artificial intelligence enthusiasm and a small group of mega-cap technology stocks. But beneath the rally sits a number that deserves attention … The Stock Market Flashed This Warning Only Once Before. What Comes Next Isn’t Pretty

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