Wall Street sage issues grim warning about the S&P 500 and the chances of a recession - here is what it means for 401(K)s

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Wall Street sage issues grim warning about the S&P 500 and the chances of a recession - here is what it means for 401(K)s

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A top banking analyst has predicted that US stocks could soon plunge by 30 percent. BCA Research chief global strategist Peter Berezin told clients last week that the US economy could fall into a recession later this year or early 2025. If the US does fall into recession as he predicts, Berezin says the S&P 500 will fall to as low as 3,750 - a 30 percent drop on its current levels.
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