Posted 1/15/2024, 2:08:00 PM
Market Guru Sees High Risk of Recession and Stock Underperformance in 2023
- S&P 500 looks risky now, double top at same level as 2 years ago is a "lousy trade location"
- Sees 75% chance of recession this year based on yield curve and other signals
- Expects "Magnificent Seven" high flying stocks to underperform broader market
- Predicts dollar will break down in next recession, which means S&P 500 underperformance
- Forecasts higher inflation, interest rates, and unemployment than most Wall Street estimates