Stock Market Crash: At Least 20% Further Downside Ahead, Expert Says

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"It looks to me pretty myopic, because markets are choosing to focus on the green shoots that are there. But they are making the base-case pricing very, very la la land," he said."That's how I would define it at this stage." "You'll have this very weird window where it's very clear that a recession has hit and yet Powell will be just doing risk management, which is, 'I'm not going to cut rates because I want to make sure that inflation is coming down.' That will be a very bad period for markets if you ask me," Peccatiello said.

Makes sense.

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