The stock market could plunge another 20% as investors search for a bottom, and the Fed could end up sparking a severe recession, Guggenheim's Scott Minerd says

Dec 15 2022 by Business Insider

 

Lucy Nicholson/Reuters

Stocks could plunge 20% next year as corporate earnings decline and the economy braces for a recession, according to Guggenheim's Scott Minerd. That could coincide with a severe recession, if the Fed sticks to its planned rate hikes next year. "We will renew the downtrend and we still haven't seen the bottom for stocks," Minerd said in an interview with Bloomberg.

Stocks could plunge another 20% as investors try to establish a market bottom, according to Guggenheim's...

Continue Reading The stock market could plunge another 20% as investors search for a bottom, and the Fed could end up sparking a severe recession, Guggenheim's Scott Minerd says