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Over the past few years, top investors have repeatedly warned Americans about a brewing bubble in the stock market and the increasing potential for a U.S. recession.
And even after a roughly 19% drop in the S&P 500 so far this year, some of the world’s best market watchers continue to sound the alarm.
In a CNBC interview on Tuesday, Mark Mobius, cofounder of Mobius Capital Partners, predicted the U.S. stock market will experience more pain this year.
Famed investor Mark Mobius says in dire warning, ‘It’s going to get worse from here’ for stocks—and Michael Burry of ‘The Big Short’ agrees
Over the past few years, top investors have repeatedly warned Americans about a brewing bubble in the stock market and the increasing potential for a U.S. recession.
And even after a roughly 19% drop in the S&P 500 so far this year, some of the world’s best market watchers continue to sound the alarm.
In a CNBC interview on Tuesday, Mark Mobius, cofounder of Mobius Capital Partners, predicted the U.S. stock market will experience more pain this year.
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“I still think it’s going to get worse,” he said. “Generally speaking, the picture looks very bad.”
The 86-year-old economist and former Franklin Templeton exec argued that U.S. investors have yet to fully price in the Federal Reserve’s interest rate hikes, which should lead to further stock market declines moving forward.
Mobius wasn’t the only top investor warning Americans about potential stock market woes this week either.
Michael Burry, who rose to fame for predicting and profiting from the 2008 housing bubble, as depicted in both the book and movie The Big Short, said in a Wednesday tweet that stocks haven’t hit their cycle lows just yet.
https://finance.yahoo.com/news/famed-investor-mark-mobius-says-163323694.html
Over the past few years, top investors have repeatedly warned Americans about a brewing bubble in the stock market and the increasing potential for a U.S. recession.
And even after a roughly 19% drop in the S&P 500 so far this year, some of the world’s best market watchers continue to sound the alarm.
In a CNBC interview on Tuesday, Mark Mobius, cofounder of Mobius Capital Partners, predicted the U.S. stock market will experience more pain this year.
Famed investor Mark Mobius says in dire warning, ‘It’s going to get worse from here’ for stocks—and Michael Burry of ‘The Big Short’ agrees
Over the past few years, top investors have repeatedly warned Americans about a brewing bubble in the stock market and the increasing potential for a U.S. recession.
And even after a roughly 19% drop in the S&P 500 so far this year, some of the world’s best market watchers continue to sound the alarm.
In a CNBC interview on Tuesday, Mark Mobius, cofounder of Mobius Capital Partners, predicted the U.S. stock market will experience more pain this year.
ADVERTISEMENT
“I still think it’s going to get worse,” he said. “Generally speaking, the picture looks very bad.”
The 86-year-old economist and former Franklin Templeton exec argued that U.S. investors have yet to fully price in the Federal Reserve’s interest rate hikes, which should lead to further stock market declines moving forward.
Mobius wasn’t the only top investor warning Americans about potential stock market woes this week either.
Michael Burry, who rose to fame for predicting and profiting from the 2008 housing bubble, as depicted in both the book and movie The Big Short, said in a Wednesday tweet that stocks haven’t hit their cycle lows just yet.
https://finance.yahoo.com/news/famed-investor-mark-mobius-says-163323694.html
