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Brace for the S&P 500 to plunge 50% and a painful recession to strike as the 'everything bubble' bursts, elite investor Jeremy Grantham warns.
He has an awesome track record so his words carry a lot of weight. I hope he's wrong but suspect he's right.
Jeremy Grantham expects stocks to plunge and a recession to hit as the "everything bubble" bursts.
The investor warns the S&P 500 could halve in value to around 2,000 points in a worst-case scenario.
Grantham advised against betting on US stocks for the short term, and touted emerging markets.
https://markets.businessinsider.com...rash-outlook-recession-jeremy-grantham-2023-3
Brace for the S&P 500 to plunge 50% and a painful recession to strike as the 'everything bubble' bursts, elite investor Jeremy Grantham warns.
He has an awesome track record so his words carry a lot of weight. I hope he's wrong but suspect he's right.
Jeremy Grantham expects stocks to plunge and a recession to hit as the "everything bubble" bursts.
The investor warns the S&P 500 could halve in value to around 2,000 points in a worst-case scenario.
Grantham advised against betting on US stocks for the short term, and touted emerging markets.
https://markets.businessinsider.com...rash-outlook-recession-jeremy-grantham-2023-3