Getty Equity markets are likely to decline sharply within 60 days, said market guru Larry McDonald. That's because, as credit risk is rising, investors continue to focus on markets fads like AI. The credit crisis is strong enough to "veto" the Federal Reserve's inflation policy. The stock market is likely to decline sharply within the next two months, Larry McDonald of "The Bear Traps Report" said.That's as investors continue focusing on market fads like artificial intelligence and neglect the losses that banks are sitting on since the Federal Reserve's rate hikes slammed prices of debt."Those are massive losses under the surface.
Stocks Are Highly Likely To Crash In The Next 2 Months As Investors Are Still Too Distracted By Fads To Price In Credit Risk, Ma
fdemott@insider.com (Filip De Mott), Business Insider
Tue, 03/28/2023 - 7:31am
Topics: the bear traps report 90s. getty equity larry covid cnbc nasdaq dow jones industrial average valley bank december jeremy grantham macro mavens stephanie pomboy business insider mcdonald ai federal reserve fed s&p us crash months investors fads price credit risk banks stock losses continue days real commercial sharply decline veto estate crisis probability plunge highest
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