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The S&P 500 will plunge 32% in 2025 as a recession finally hits the US economy, BCA Research predicts.
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The firm said the Fed will fail to prevent a recession as it takes its time cutting interest rates.
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Rising unemployment and constrained credit will curb consumer spending, worsening the downturn.
The stock market will crash 32% in 2025 as the Federal Reserve fails to prevent a recession, according to the most bearish strategist on Wall Street.
Peter Berezin, chief global strategist at BCA Research, said in a recent note that a recession will hit the US economy later this year or in early 2025, and the downturn will send the S&P 500 tumbling to 3,750.
“The consensus soft-landing narrative is wrong. The US will fall into a recession in late 2024 or early…
