Panmure Liberum predicts S&P 500 to plunge 35% in 2027 on rising long-term rates

British analysis firm Panmure Liberum forecasts a 35% drop in the S&P 500 during 2027, attributing the potential end of the bull market to continued increases in long-term interest rates. The claim is a single-firm projection, not a consensus view, and hinges on the trajectory of long-term yields. If realized, such a decline would represent a major market correction, but the forecast is speculative and subject to significant uncertainty.