Reported 9 months ago
B. Riley Wealth Management's chief investment strategist, Paul Dietrich, warns that the S&P 500 could plummet by 48% when the stock-market bubble bursts and the US economy enters a recession. Dietrich highlights overvaluation in the market, high price-to-earnings ratios, low dividend yields, and market gains driven more by investor excitement than solid fundamentals. He predicts elevated inflation and interest rates, along with potential tax increases, contributing to a significant market decline and economic slump.
Source: YAHOO