Michael Pento: S&P To Drop By 40% When Recession/Deflation Arrives?
HomeBlogMichael Pento: S&P To Drop By 40% When Recession/Deflation Arrives?
To-date, Adam’s efforts have educated and informed millions of people just like you, and directed hundreds of $millions of their investment capital into good protection and stewardship – achievements he’s very proud of because he predicts challenging times lie ahead for the unprepared investor.
Macro expert and money manager Michael Pento returns for part two of our interview with him in which he suggests that the S&P 500 could drop by 30-40% to around 3,000 points if market forces were allowed to operate naturally. This drop would correspond to a severe recession or deflationary period.
He expresses concern about the permanent monetization of debt, which could significantly impact inflation and growth rates.
Michael also emphasizes that his model provides early warning signs of when major market participants are likely to become nervous and sell, allowing for defensive dividends to be accrued.
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