Star investor: Markets may crash so badly the Fed has to start buying stocks

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The Federal Reserve is buying junk bonds and corporate debt ETFs as part of its campaign to revive the American economy. Next on its shopping list: US stocks, as Scott Minerd, global chief investment officer at Guggenheim Partners, told CNN Business.

New York

The S&P 500 has skyrocketed 40% since March 23, when the Fed announced its unprecedented experiment with junk bonds. That surge, coming in the face of the collapse of the real economy, drove up market valuations to dotcom-bubble levels. But Minerd thinks a reckoning is coming, and soon. He expects the S&P 500 will retest its March 23 low of 2,237.40 over the next month, potentially crumbling to as low as 1,600.

 

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shareitarie10 Trump most likely orders this.

You all need to be punished for your lying we know you will in the end lying evil people do go to hell

This is irresponsible. And fear mongering at its finest. And irrational.

You wish! Sad, any good news about the economy out of CNN? EnemyOfThePeople

FAKE NEWS! LIBERAL AGENDAS!! SHUT CNN DOWN! BIASED INFORMATION! FUNDED BY THE EILTES! WE ARE THE MEDIA NOW! NOBODY IS WATCHING CNN ANYMORE MAGA2020 ChrisCuomo donlemon

🤗

Hay CNN communist..you do understand Trump was a Democrat before he witnessed the parties left turn.. the economic conservative in him chose Republican formula

UONE stock is a go buy right now. 😃

Where's the reporting on Seattle take over CNN? Keeping your sheep in the dark eh?

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Cobhams

Have you reported on this?

DEFEND THE POLICE

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