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Michael Burry and Jeremy Grantham are bracing for plunging stocks, stubborn inflation, and a painful recession. Here's what 10 elite investors are saying about the market outlook.
Michael Burry and Jeremy Grantham are bracing for plunging stocks, stubborn inflation, and a painful recession. Here's what 10 elite investors are saying about the market outlook.
Theron MohamedJun 17, 2022, 06:19 IST
Michael Burry.Astrid Stawiarz/Getty Images
Michael Burry, Jerry Grantham, and other top-flight investors expect more pain in markets.
They predict stocks will fall further, inflation will linger, and the economy will face a recession.
Michael Burry, Jeremy Grantham, and other elite investors are bracing for stubborn inflation, a painful recession, and further declines in stocks and other assets.
They're undoubtedly feeling confident in their predictions right now. US inflation surged to a 41-year-high of 8.6% in May, the S&P 500 and Nasdaq indexes have slumped by 19% and 28% respectively this year, and the US economy will officially be in a recession if GDP contracts for a second consecutive quarter.
Here's what 10 of the world's best investors are saying about the current market outlook:
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Michael Burry
Jim Spellman/Getty Images
Jeremy Grantham
Morningstar/YouTube
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David Einhorn
Mike Segar/Reuters
Stanley Druckenmiller
Stanley Druckenmiller, Chairman of Harlem Children's Zone Promise Academy, speaks at the groundbreaking for the school's new campus, Wednesday, April 6, 2011 in New York.Mark Lennihan/Associated Press
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David Rubenstein
Fred Prouser/Reuters
Tom Siebel
Tom Siebel, CEO of the artificial intelligence firm C3.ai.Courtesy C3.ai
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Dawn Fitzpatrick
Dawn Fitzpatrick, Chief Investment Officer, Soros Fund Management, speaks at the Milken Institute's 21st Global Conference in Beverly HillsThomson Reuters
Howard Marks
Howard MarksBloomberg TV
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Robert Herjavec
"Shark Tank" investor Robert Herjavec."Shark Tank"/ABC