A 48-year market vet warns that investors should prepare for more wealth destruction ‘than we’ve ever seen’ as the Fed gets set to tighten policy — and says stocks will crash 80%

0 5
David Hunter reiterated his call for a steep decline in stocks ahead. He said he expects the S&P 500 to drop as much as 80% from its peak.  Hunter said Fed tapering would trigger the crash. Investors seem to be nervous. And perhaps rightfully so.Stocks are up 90% from the lows in the last year-and-a-half, an extraordinary bull run. Many measures of valuation show historic over-extension. The Federal Reserve is getting set to taper asset purchases. Treasury bond yields are expected to rise. The pandemic isn't quite under control yet. Chinese real-estate firm Evergrande's near-collapse sent shock waves throughout the global financial system.The list goes on.Many of the top strategists on Wall Street have said in recent weeks that some sort of pullback is coming.Stocks' performance in recent weeks has reflected this caut
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade
$59.95/month