Learn more about stocks here: https://trading.capital.com/4byaa4D Record amounts of money are pouring into U.S. equities, with foreign inflows exceeding $600 billion over the past year, the largest on record. In this video, we break down what this surge in equity inflows could really mean for the stock market and whether history suggests investors should be cautious. By comparing today’s environment with past episodes such as the dot-com bubble, the 2007 peak, and the 2021 market top, we explore how crowded positioning, elevated valuations, rising margin debt, and shrinking cash balances can increase market fragility. At the same time, we examine the other side of the equation, including resilient corporate earnings, moderating inflation, and why markets can sometimes stay expensive longer than expected. This analysis looks at the key catalysts that have historically ended bull markets, particularly shifts in earnings and inflation, and explains why these signals matter heading into 2026. This content is provided for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Always conduct your own research or consult a qualified financial professional before making investment decisions. Stay up to date with Capital.com for ongoing insights into Bitcoin, macro trends, and digital asset markets. *** CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The material presented in this video is not intended for UK audiences. This material is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Capital Com SV Investments Limited (“CCSV”) is registered in Cyprus with company registration number 354252. CCSV is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a limited liability company (company number 209236B) registered in the Commonwealth of The Bahamas and authorised to carry on Securities Business by the Securities Commission of The Bahamas (“SCB”) with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (CMA), under licence number 20200000176.