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Stock-market selloff may mean another 20% drop for S&P 500, says Wall Street veteran

Por: MarketWatch Politics October 19, 2022

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The market veteran also said inflation is not going to come down as much as expected and the interest rates are going to continue to climb higher.  “Both interest rates and inflation rates will settle down between 4% and 5%, and we are going to go into a stagflation in the economy,” Peterffy told on Wednesday.  The Tell: The consumer-price index higher than the 0.3% consensus forecast polled by Dow Jones. Excluding volatile food and energy... + full article



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