- Michael Burry, Jerry Grantham and other high-profile investors anticipate more pain in the markets.
- They predict that stocks will continue to fall, inflation will persist and the economy will face a recession.
- Here’s what 10 elite investors are saying about the market outlook.
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Michael Burry, Jeremy Grantham and other elite investors are bracing themselves for persistent inflation, a painful one
recession
and further declines in stocks and other assets.
They are undoubtedly feeling confident in their predictions at the moment. US inflation rose to a 41-year high of 8.6% in May, the S&P 500 and Nasdaq indices have fallen 19% and 28% respectively this year, and the US economy will officially be in recession when GDP shrinks for a second consecutive quarter.
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