/institutional/perspectives/media/should-see-stocks-fall-20-percent-by-mid-october

"We should see stocks fall by 20% by mid-October."

Scott Minerd, Chairman of Guggenheim Investments and Guggenheim Partners Global CIO, joins CNBC to explain an outlook he expressed in a recent tweet.

September 08, 2022

 

 

Key Takeaways:

  • Since 1960, P/Es have trended lower when inflation is higher.
  • With core PCE at current levels, stocks should be trading 20 percent lower.
  • The Fed will likely hike 75 basis points at the next meeting.
  • Corporate bonds are cheap relative to Treasurys.


Read Macro Alert: Stocks Are in Trouble if S&P Fails to Break Above its 200-day Moving Average

 


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VIDEOS AND PODCASTS

Fed Day: The Argument for 100 Basis Points 

Fed Day: The Argument for 100 Basis Points

Scott Minerd, Guggenheim Partners Global CIO and Chairman of Guggenheim Investments, joins Bloomberg TV on Fed Day.

Macro Markets Podcast 

Macro Markets Podcast Episode 25: Fixed-Income Pain Giving Way to Opportunity

Anne Walsh, Chief Investment Officer for Fixed Income, on the economic and credit cycle, and on risk and opportunity across the fixed-income landscape.







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