Michael Pento: S&P To Drop By 40% When Recession/Deflation Arrives?
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Michael Pento: S&P To Drop By 40% When Recession/Deflation Arrives?

2023-05-27
Macro expert and money manager Michael Pento returns for part two of our interview with him in which he suggests that the S&P 500 could drop by 30-40% to around 3,000 points if market forces were allowed to operate naturally. This drop would correspond to a severe recession or deflationary period. He expresses concern about the permanent monetization of debt, which could significantly impact inflation and growth rates. Michael also emphasizes that his model provides early warning signs of when major...
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