Forecast Sees Potential for Significant Market Decline Amid Recession Risks
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Valuations are at historic highs, predicting -5% annual S&P 500 returns over the next 12 years according to one metric
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A 50-70% market crash is likely over the long-term based on current extreme valuations
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An imminent weakening labor market and recession will catalyze the crash
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Multiple indicators show rising unemployment rate in months ahead
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Forecast is an outlier compared to most Wall Street strategists' upbeat outlooks