Minerd Says U.S. Stocks Could Plunge 15% in ‘Very Rough’ Autumn

Bloomberg2021-07-22

(Bloomberg) -- U.S. stocks could tumble 15% or more by the end of October in a challenging period for markets, said Scott Minerd, chairman and chief investment officer of Guggenheim Investments. “...

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精彩评论

Frisbee
2021-07-22
Frisbee
i see
Favian
2021-07-22
Favian
lit
- Frisbee:
  k
2020TS
2021-07-22
2020TS
Warning warning 📣📣
- Waeisiong:
  Hehe
ZzzzzTrader
2021-07-22
ZzzzzTrader
Up
- Favian:
  down
- AlanLai:
  I see
pch1985
2021-07-22
pch1985
🤔
- pch1985:
  Really meh
meowmeowme
2021-07-22
meowmeowme
Here come another fortune teller...

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But once the Dodgers are at the opening game of the World Series, I think you’ll be able to buy.”\nA faster-than-expected tapering of asset purchases from the Federal Reserve and the increasing spread of the delta variant are both major risk factors for stocks, Minerd said.\nMinerd also expects cryptocurrencies to remain challenged in the coming months. He sees Bitcoin falling further to “something in the neighborhood of $15,000, and said “a lot of this stuff is just junk.”\nBitcoin traded around $31,700 Wednesday, near the lower end of its range over the past two months and down about 50% from the April peak.\n“I think there’s still more air to come out,” Minerd said. “The standard bear market for Bitcoin has been an 80% retracement and given all the uncertainty and the new competition from new coins, I think there’s more downside to go.”\n“When do you buy it? 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