Michael Pento: Stocks To Fall 40% By Spring?

Money manager Michael Pento distrusts the current rally in stocks. He thinks it's a classic short-lived rally within a secular bear market. That, combined with the Fed interest rate hike campaign to tame inflation, which he expects to drive the economy into recession, is going to result in a 40% decline in stocks by Spring 2023. https://youtu.be/tKFDT50UVic Learn more about your ad choices. Visit megaphone.fm/adchoices