Veteran economist David Rosenberg warns the S&P 500 may plunge another 27%, cautions the worst is yet to come for investors, and says ‘Black Monday’ made him a permabear. Here are his 8 best quotes from a new interview.

Financial

The S&P 500 might plummet another 27% to around 2,700 points, David Rosenberg has warned. He ruled out a market bottom anytime soon, and said “Black Monday” made him an eternal pessimist. The veteran economist slammed the Fed, touted bonds, and issued a grim outlook for 2023. Access your favorite topics in a personalized feed…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Stock Futures Rise, Dollar Swings; US Yields Climb: Markets Wrap
Wall Street holds steady ahead of Fed decision on rates
Sawmill Finds New Business Expanding Into Remodeling Market
Rising Interest Rates, Construction Costs Keep Growth Muted
Falling lumber prices bring some help in the current housing market equation