Report

A forecast of a 15% S&P 500 drop as oil, rates and the dollar rise

Bloomberg reports Jim Paulsen warns that the combined pressure of $100 oil, 5% Treasury yields and a strong dollar has yet to fully hit stocks.

1 Source, 1h ago, first seen 1h ago

TLDR

Bloomberg reports US stocks reached their first record since August on Tuesday, but Jim Paulsen sees a 15% S&P 500 drop. He warns that the combined pressure of $100 oil, 5% Treasury yields and an elevated dollar has yet to be felt in a major way.

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