The S&P 500 is expected to experience significant declines as multiple financial experts predict a recession hitting later this year. Paul Dietrich, CIO of B. Riley Wealth Management, forecasts a 48% crash in the S&P 500, suggesting the upcoming recession will result in a deeper stock market decline than those seen in 2000 and 2008. BCA Research and MarketWatch both predict a 30% drop in the S&P 500 as the U.S. economy heads for a painful recession. Additionally, Stifel projects the S&P 500 could reach 6,000 before plunging 20% by 2026.
Stocks to fall 30% as U.S. economy heads for painful recession, strategist says https://t.co/XO0RcgNB5C
Stocks will fall 30% as the U.S. economy heads for a painful recession, strategist says https://t.co/kasHUs2X7F
S&P 500, $SPX, could finish the year at 6,000 before plunging 20% by 2026, per Stifel.
S&P 500 to tumble 30% as recession hits later this year, says #BCA Research https://t.co/xyxLLFaHZQ
S&P 500 to tumble 30% as recession hits later this year, says BCA Research https://t.co/c3G3fmxQo1
The S&P 500 could crash 48% when the bubble in stocks pops and a recession hits, according to Paul Dietrich, CIO of B. Riley Wealth Management āI believe the upcoming recession will result in a deeper stock market decline than we experienced in 2000 and 2008ā