Experts Predict Significant S&P 500 Crash and Recession in 2024

JPMorgan's head of technical strategy, Jason Hunter, predicts that the S&P 500 will plummet 23% to 3,500 points by mid-2024, and he views a US recession as highly likely. Hunter believes that cash and Treasury bonds are safer investments than stocks at the moment. He warns that the stock market is underestimating the potential economic downturn and that investors will soon realize the outlook is bleaker than expected, leading to a sell-off in stocks. However, Hunter does suggest that stocks could reach new highs in 2025, buoyed by lower interest rates.