Deutsche Bank with their latest SP500 forecast, says it'll fall to 3,650
- this would be a 24% decline, which is an average recession decline
DB citing:
- growth is slowing
- thus earnings-led declines for stocks, valuations are vulnerable
DB says that if the labour market can hold up and growth is not hit too hard then they see a year-end rally to 4,700 / 4,800
Weekly S&P500 candles:
