The stock market is facing a runaway correction

Between 2001–2009, the Warsaw Stock Exchange experienced two bull cycles without an intervening bear market. Analysts at Noble Securities suggest a similar pattern might be repeating. In April 2025, the WIG index surpassed 100,000 points, and mWIG40 exceeded 8,000 in May. While short-term pullbacks are possible, further growth is expected.
Based on the Kitchin cycle, the market may currently be in a shallow correction phase rather than a bear market. Banking stocks, which dominate the WIG, play a key role, though rate cut expectations and political risks (e.g., election spending) could affect sentiment. Analysts note solid dividend yields but warn of uncertainty until early 2026, with U.S. market trends potentially influencing Poland’s direction.
(pb.pl)