Nouriel Roubini an accomplished economist, dubbed "Dr. Doom" for his grim diagnoses and predictions, stated in a Fortune interview that the S&P 500 has decreased by at least 30% during a recession.
Due to this pattern, it could sink below 3,400 points. Mr. Roubini also mentioned that a grave economic downturn could send the S&P 500 even lower, to around 2,700 points.
He also cites rate hikes and political instability around the world as reasons for his bearish outlook.
Despite this, more investors are choosing to pivot by investing in gold.
Pivot Through Market Crashes By Investing In Gold Like An Insider With This FREE eBook!
Birch Gold Group has helped over 14,000 investors properly diversify their portfolios with gold, silver and other precious metals since 2003. They have also worked with different types of investors including Ben Shapiro!
They’re offering new clients a FREE 20 page eBook that details the top insider information on buying gold, protecting accounts from government overreach and profiting, despite the market conditions.
Working with a partner like Birch Gold Group and using this free information can mean the difference of riding out market crashes or losing tens of thousands of dollars (or more).
Download your free copy today!
Image sourced from Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.