Market Experts Warn of Potential Correction in S&P 500 as Bulls Face Uncertainty

Mizuho Securities economists warn that the Federal Reserve's pursuit of a soft landing for the economy amidst persistent inflation may result in more damage to the economy than anticipated, potentially leading to a long and shallow recession starting early next year. Despite U.S. stocks being priced for a perfect soft landing, the economists believe a correction back to 4,100 for the S&P 500 is the most likely scenario, as the market may be discounting the worst of the economic slowdown.