Wednesday, May 22, 2019

Wall Street Wonder Warns of Growth-Pocalypse, Looming Recession

By CCN: Stocks in some sectors are teetering on the brink of a bear market, and one Wall Street veteran believes it’s going to get worse. Mark Yusko, who is at the helm of Morgan Creek Capital Management, says that the bears are already out and stocks are going to finish the year lower by a double-digit percentage, according to his interview on CNBC. Before you write him off, consider that in 2018, he predicted that stocks would end the year on a sour note – and he was right. If he’s on target once again, the economy is headed

The post Wall Street Wonder Warns of Growth-Pocalypse, Looming Recession appeared first on CCN



source https://www.ccn.com/wall-street-warns-looming-recession

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