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Carlos Delgado
The analyst maintained his forecast that the S&P 500 index will drop to 4,750 points by year's end, which would be more than 5% less than its closing value of 5,022.21 points on Wednesday.
The U.S. stock market will be impacted by stagnant inflation reduction efforts, uncertainty surrounding the Federal Reserve's decision to lower the benchmark interest rate, and potential business environment volatility in the second half of this year as a result of the U.S. presidential election, according to Emmanuel.
He believes that a stock market decline in a year without a recession might be 13% on average.
According to the expert, persistent inflationary pressures and uncertainty around the Fed's future policy could be the driving forces behind a larger-than-expected collapse in the stock market.
source: bloomberg.com
The U.S. stock market will be impacted by stagnant inflation reduction efforts, uncertainty surrounding the Federal Reserve's decision to lower the benchmark interest rate, and potential business environment volatility in the second half of this year as a result of the U.S. presidential election, according to Emmanuel.
He believes that a stock market decline in a year without a recession might be 13% on average.
According to the expert, persistent inflationary pressures and uncertainty around the Fed's future policy could be the driving forces behind a larger-than-expected collapse in the stock market.
source: bloomberg.com
