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102093233 Male ID: 102093233
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    102093233 commented on
    Warnings about a looming stock market crash have grown louder this week as inflation levels soared and investors are getting increasingly concerned about Fed tapering. Since hitting bottom in March 2020, the S&P 500 has rallied by more than 45%, and it just hit a new record high last week, now up more than 1% for the year. However, there are many reasons to believe that the rally is unsustainable and that overvalued stocks could face a reckoning and collapse soon. Even though many market watchers and financial strategists in Wall Street see that stock valuations are extremely extended and will end up canceling returns in the long-term, no one sees a stock market crash as sharp as the one David Hunter is calling for taking place this year as inflation spirals out of control. The chief macro strategist at Contrarian Macro Advisors, argues that the US economy is in the middle of a massive “bust” consisting of two phases. Fase one was the initial bear market and short-lived recovery witnessed last year. We're now in the second phase of the bust, according to Hunter, which will lead us to a much steeper downturn than the first phase. The expert outlines that the government's and the Fed's stimulus measures have failed to boost many sectors of the economy that needed fiscal support. As a result, hundreds of thousands of businesses...
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