Fund Manager Predicts Slump for Apple, Sputtering S&P, and Surging Oil

Hedge-fund manager Doug Kass predicts that the S&P 500 will drop below 4,100 and the Nasdaq may decline by as much as 20%, with Apple suffering a large percentage loss due to trade tension with China. Kass also expects oil prices to surge, benefiting companies like Exxon Mobil, Occidental Petroleum, and Chevron. He believes banks will struggle, private equity will face challenges, and Jamie Dimon will leave JPMorgan Chase. Kass includes additional predictions such as Tiger Woods winning a major title and Goldman chief David Solomon resigning.