S&P 500 Forecast to End 2026 Higher Even as Hormuz War Drags On

📉 WALL ST — Equity bulls are pricing a world where the war ends. It hasn't. 📌 LOOK CLOSER: A year-end S&P rally forecast assumes either Hormuz reopens or US earnings absorb the shock — neither is secured. With energy volatility now structural, the Gulf put gone, and recession risk live in Europe, the forecast prices diplomatic resolution Wall Street has no visibility on. Every week Doha stalls, the gap between equity optimism and macro damage widens.