Panmure Liberum says U.S. stocks could fall to 5,000 by end-2027

5,000 by the end of 2027. Panmure Liberum expects America's main stock basket, the S&P 500 of 500 large companies, to fall to that level, Reuters reported Oct. 5, 2026. It says the long climb in prices is nearly over. That would leave retirement savers with less. I'd read that two-year number as a guess, not a promise.