Henrik Zeberg, a macroeconomist, has reiterated his forecast of an impending recession, citing continued strong performance in key market sectors.
In an interview with Soar Financially on July 7, Zeberg pointed to the S&P 500 index, suggesting it may reach new highs before facing its worst crash since 1929.
Back in January, Zeberg had forecasted the index would climb to 6,100, and recent months have seen significant gains, with the index surpassing 5,500. He highlighted early signs of economic decline in July, noting the business cycle’s gradual downturn and ongoing recession indicators.
Despite recent market spikes, Zeberg believes the peak is yet to come, anticipating a substantial market correction ahead. He remains steadfast in his prediction of a recession by year-end, potentially peaking in September or October.
While acknowledging the economy’s resilience, Zeberg warns of an inevitable downturn and advises caution amid uncertainties over Federal Reserve policies.
Market analysts await the Fed’s next moves, speculating on how interest rate decisions could influence the economy’s trajectory and potentially signal an impending recession, according to recent analyses.
JPMorgan Chase CEO Jamie Dimon has delivered a stark message about America’s financial trajectory, cautioning that the U.S. dollar’s role as the world’s reserve currency could come under threat if deep-rooted fiscal problems aren’t addressed soon.
Jamie Dimon, CEO of JPMorgan Chase, has voiced fresh concerns about the state of the U.S. economy, warning that financial markets may be heading into troubled waters—particularly the bond market.
The trade standoff between the U.S. and China took a sharp turn on Friday after President Donald Trump accused Beijing of breaching a recently struck economic agreement.
Despite growing concerns over America’s swelling budget deficit, Citigroup’s U.S. equity strategist Scott Chronert believes the situation could bring short-term gains to the broader economy—even if it comes at a cost to market valuations.