BCA Research issues gloomy forecast for US stock market
There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.
In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025.
Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.
Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending – a major driver of economic growth. The relationship between inflation and unemployment is measured by something called the “Phillips curve.”
Anybody putting their money where their mouth is? I didn’t think so. There’s always some BS prediction. LOL. Just invest for the long term in the broadest possible mix of stocks and bonds, in low-cost index funds or etfs, and balance equities and debt in accordance with your time horizon and risk tolerance. Sit back, don’t fret the short term bumps, and enjoy.
Maybe in the past, but not under communism. Get your money out and buy gold, silver and lead.
Especially Lead!!!!
I’ll stick with gold & silver