Stocks could drop 20% after an October disappointment, warns Blackstone’s chief investment strategist
"The markets are set up for a disappointment. They’re going to have to re-rate their expectations."
The S&P 500 is officially in an earnings recession for the first time in three years, and the trend is expected to get worse in the third quarter.
Fed Chair Jerome Powell doesn’t know the answer, he knows he doesn’t know, and he knows you know he doesn’t know. So quit asking it.
Bernstein Research says that 10 years from now, you’ll still be better off in equities.