Michael Pento: Stocks To Fall 40% By Spring?
<p>Money manager Michael Pento distrusts the current rally in stocks. He thinks it's a classic short-lived rally within a secular bear market. That, combined with the Fed interest rate hike campaign to tame inflation, which he expects to drive the economy into recession, is going to result in a 40% decline in stocks by Spring 2023.</p> <p><a href="https://youtu.be/tKFDT50UVic" target="_blank">https://youtu.be/tKFDT50UVic</a></p>
Wealthion - Be Financially Resilient
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Show Notes
Money manager Michael Pento distrusts the current rally in stocks. He thinks it's a classic short-lived rally within a secular bear market. That, combined with the Fed interest rate hike campaign to tame inflation, which he expects to drive the economy into recession, is going to result in a 40% decline in stocks by Spring 2023.
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