Michael Pento: Stocks To Fall 40% By Spring?

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[Record date 8.9.2022] 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.
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0:00 Intro
1:50 Current Assessment of Markets
10:35 Popping the Everything Bubble
20:20 The “Economic Hurricane”
27:45 Fastest Hiking Cycle in History
33:03 Pento’s Market Outlook
41:20 Sticky Inflation
46:30 Leverage & The Housing Market
57:35 Outro