Oct 5, 2026 · 53 min
Hunter bets on a market melt-up before an 80% bust
Stocks To Surge 40%, Then Crash 80%—10-Year Yield To 0% | David Hunter
David Hunter’s forecast pairs an aggressive near-term equity target with a warning that leverage and overseas stress could eventually trigger a global financial crisis.
- 1Hunter raises his S&P 500 target to 10,000 while arguing elevated yields will not prevent a near-term melt-up.
- 2He expects oil, inflation, long-term yields, and the dollar to weaken, favoring bonds, gold, and silver.
- 3The eventual bust could begin in a leveraged financial system, with Japan and an AI bubble among possible triggers.
Don't miss
David Hunter lays out how stocks could reach 10,000 before the secular bull market eventually gives way to an 80% decline.
The brief
David Hunter presents a sharply bifurcated market view: stocks could surge toward his 10,000 S&P 500 target, yet the secular bull market may eventually end in an 80% decline.
Hunter argues the latest rate hike may be one-and-done, with oil and inflation rolling over and long-term Treasury yields eventually reversing as deflation becomes more likely.
He sees strong AI and reshoring fundamentals supporting the current cycle, but warns that leverage, overseas financial stress, Japan, or an AI bubble could ignite the later bust.
Hunter forecasts a weaker dollar during the remaining bull cycle, then strength in a bust, while maintaining bullish targets for gold and silver, including $7,000 gold.
The episode’s central tension is timing: Hunter remains bullish on the next market phase while warning that late-cycle gains could precede a global financial breakdown.