The stock market could fall 29% if a drop in corporate earnings comes alongside a typical recession

The S&P 500 is poised to fall another 29% if a typical recession hits the economy, according to DataTrek. The research firm said a 20% decline in corporate earnings would put the S&P 500’s annual EPS at $176. “It takes a lot of bad news to push S&P 500 multiples down to 15x, but this…