Stock Market Crash: S&P 500 to Drop 45% Amid Credit Crunch, Recession
"I think it's inevitable, given what the indicators are doing, that we're going to have a pretty rough recession," says Jon Wolfenbarger.
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"I think it's inevitable, given what the indicators are doing, that we're going to have a pretty rough recession," says Jon Wolfenbarger.
"History shows price downside is in front of us, not behind us," says Mike Wilson.
Investors had been anticipating a Fed pivot to dovish policy ahead. But a resilient economy means more Fed-induced pain for stocks going forward.
Investors "are not accounting for the earnings hit that we will get from reduced demand," says Thomas Peterffy.
Things haven't looked good for stocks in 2022. According to some of Wall Streets biggest names, it's only going to get worse.