Comment on Stock market forecasts are getting grimmer as recession risks loom. Here are the latest calls from Mike Wilson, Jeremy Grantham,

Stock market forecasts are getting grimmer as recession risks loom. Here are the latest calls from Mike Wilson, Jeremy Grantham,

A trader looks at market charts on the floor of the New York Stock Exchange on January 18, 2023.ANGELA WEISS/AFP via Getty Images Market pundits including Marko Kolanovic, Jeremy Siegel and Lisa Shalett have warned that US stocks are entering a danger zone. The banking turmoil and the risk of a recession have spurred some of the recent pessimistic market forecasts. Here is a selection of the most recent stock-market predictions from high-profile investors, analysts and other experts. US stocks have notched impressive gains so far in 2023 despite banking chaos and mounting economic pessimism, surprising forecasters who who held bearish views at the start of the year.And now, with the second quarter in progress, experts are taking stock of the situation again and updating their predictions to factor in a slew of emerging risks - from a credit crunch and commercial real-estate risks to lingering financial-sector jitters and the looming risk of a recession.JPMorgan's Marko Kolanovic, Morgan Stanley's Lisa Shalett and FS Investments' Troy Gayeski are among those who have warned that US stocks are now entering a danger zone, while Ed Yardeni thinks there's too much pessimism about the economy.Here is a selection of the most recent stock-market predictions from high-profile investors, analysts and other experts.Jeremy Grantham, veteran investorThe S&P 500 is likely to plunge between 27% and 52% from its current level of 4,130 points, Grantham said in a recent interview."The best we could hope for is that this market would bottom at about 3,000," he said.

 

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