Markets Could Easily Drop 30% (Or More) This Year | Steen Jakobsen
Market structure has become increasingly more fragile
Markets seem pretty convinced that 2024 is experiencing — in the words of US Treasury secretary Janet Yellen — a “soft landing”.
But what if everyone is wrong?
And if they are wrong, which assets are cheap right now? And what will happen to the markets?
Steen Jacobsen, Chief Economist and Chief Investment Officer of Saxo Bank, has been pointedly asking these questions of late.
And today, we're going to hear what he thinks the answers are.
Long story short: he expects stocks to run higher for a while as support continues in an election year, but that at some point in the coming months, things will become a lot more turbulent, with the potential to send the S&P down 30% (or more) — catching most investors by surprise.
To hear why, click here or on the image below:
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