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Stocks, bonds, oil. Strategist Warren Pies has made accurate calls on all of those this year, with his 6,800 forecast on the S&P 500 made last December looking pretty good heading into the final days of 2025.
In our
call of the day, the founder and portfolio manager at
3Fourteen Research talks to MarketWatch about the year ahead, with one big observation: “I think the average investor is too hung up on this market being overvalued.”


