Posted 11/5/2023, 12:45:57 PM
Morehead Forecasts Stock Market Crash, Says Crypto Will Outperform Other Assets
- Dan Morehead predicts a stock market crash, says crypto will outperform equities, real estate, and bonds
- Morehead forecasts a 23% fall in the S&P 500 which he says is overvalued
- He believes the Fed's interest rate hikes will weigh on stocks, bonds, and real estate
- Morehead sees a long period of flat prices for stocks as a best case, or a 43% crash to historical equity risk premiums
- He recommends institutions allocate a couple percent to crypto and blockchain assets which remain underowned