Various forecasts from prominent financial analysts and economists outlines several market predictions for 2024:
John Hussman predicts a severe market crash, suggesting the S&P 500 could drop by 65%, reminiscent of conditions before the Great Depression. He cites extreme valuations and unfavorable market internals as key indicators of an impending downturn.
Roukaya Ibrahim from BCA Research expects a 30% correction in early 2025 due to an anticipated recession. She points to declining job openings and a weakening labor market as signs of economic trouble.
David Rosenberg warns of a potential economic hard landing, noting weakening manufacturing activity and rising unemployment rates as indicators of a looming recession.
Harry Dent forecasts an even more dramatic crash, predicting an 86% drop in the S&P 500, labeling it as the biggest crash of our lifetime.
Ed Yardeni, however, provides a counterpoint, arguing that recession fears are overblown. He points to robust corporate profit estimates and a strong labor market as reasons to be optimistic about the market’s resilience.
These diverse predictions reflect varying perspectives on the economic outlook for 2024, with some analysts emphasizing significant risks while others maintain a more optimistic view of market performance
source: https://markets.businessinsider.com/news/stocks/stock-market-crash-predictions-recession-soon-inflation-corporate-profits-decline-2024-5
