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Bearish stock market, economy outlook from legend Jeremy Grantham - Business Insider

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Jeremy Grantham, the legendary investor who called the past 3 bubbles, says investors should be nervous about recent market moves — and warns of 'deep economic wounds' regardless of a vaccine

Jeremy Grantham — the legendary cofounder and chief investment strategist of Grantham, Mayo & van Otterloo — calls the deepening chasm between the stock market and the underlying economy "one of the most impressive mismatches in history."

GMO's net equity exposure in their Benchmark-Free Allocation Strategy has been reduced from 55% to about 25%.

 

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