Reported about 4 hours ago
Marko Kolanovic, a prominent market strategist, warns that the S&P 500, currently above 6,000, could face a significant downturn, with predictions of a drop to the 5,000s or even 4,000s due to various risks like high market concentration and geopolitical tensions. Despite being one of the last pessimists during the previous bull market, Kolanovic maintains his bearish outlook amidst ongoing uncertainties in the economy and tech sector, suggesting traders could face turbulence ahead.
Source: YAHOO