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.
Comment on Stocks look 'highly vulnerable' and the economy is likely to enter a year-long recession, a 30-year market veteran says
prosen@insider.com (Phil Rosen), Business Insider
Mon, 01/29/2024 - 12:23pm
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