Michael Burry, Jerry Grantham, and other top-flight investors expect more pain in markets.
They predict stocks will fall further, inflation will linger, and the economy will face a recession.
Here’s what 10 elite investors are saying about the market outlook.
Michael Burry, Jeremy Grantham, and other elite investors are bracing for stubborn inflation, a painful recession, and further declines in stocks and other assets. They’re undoubtedly feeling confident in their predictions right now. US inflation surged to a 41-year-high of 8.6% in May, the S&P 500 and Nasdaq indexes have slumped by 19% and 28% respectively this year, and the US economy will officially be in a recession if GDP contracts for a second consecutive quarter. Here’s what 10 of the world’s best investors are saying about the current market outlook:
