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S&P 500 Could Collapse to 2,100 in Recession, Strategist Says

S&P 500 Could Collapse to 2,100 in Recession, Strategist Says

nHave you heard of Wall Street strategist Sven Henrich? Well, he is now in the news because of his bold view, that if in fact the US does fall into recession, the S&P 500 could break down aggressively to a low price of 2,100. “Anything can change at any moment,” Henrich, founder and lead market strategist of NorthmanTrader, told CNBC on their Trading Nation piece on Tuesday. Note that this piece was sourced from CNBC, a piece attributed to Lizzy Gurdus. Mr Henrich goes on to say that the US equity market`s success has rested on expectations of rate cuts and a resolution to the US-China trade war – both now in question.

The recent spike in volatility or what is called the fear gauge. Mr Henrich goes on to say that equity markets can spike in the short-term but in September and October there are many events that, including the US-China trade talks could change future outcomes. Mr Henrich paints a picture for a possible 27% drop in the S&P 500 index. There are some who say that the inverted yield curve is now putting pressure on markets, and this could be exactly the outcome that Henrich is presenting. 

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