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Analysts See Bitcoin Falling to $15K and Stocks Crashing 15%

From blockworks.co

Monday’s market tumble may be foreshadowing a troubling move for US stocks. Equities are poised to crash 10% or more in the coming months, analysts say. Charles Schwab’s chief investment strategist Liz Ann Sonders sees a 10% or more correction, according to a recent Insider interview. Scott Minerd, chairman and chief investment officer of Guggenheim Investments, agrees. He sees a 15% crash before the end of October, he told Bloomberg recently. Stocks bounced back on Tuesday and Wednesday after Monday’s dip, but Sonders and Minerd warn investors not to get too comfortable. Stimulus checks have been sent and the Fed is ... (full story)

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  • Category: Fundamental Analysis