A market veteran said a bear market and recession are on the way.Thomson Reuters A long-time market veteran anticipates a bear market and recession to hit the US. Jon Wolfenbarger pointed to falling earnings and the inverted yield curve, among other factors. He said the extended duration of the yield-curve inversion suggests a longer recession. Longtime market watcher and strategist Jon Wolfenbarger expects stocks to crater and the US economy to tip into a prolonged recession.

 

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