The stock market is headed for a 10% decline over the next quarter, Stifel analysts warned.
AdvertisementThe stock market is headed for a sell-off in the coming months that will see the S&P 500 drop 10%, according to Stifel strategists.
When adjusted for inflation, the overall S&P 500 remains below its level at the end of 2021 — something that could be "emblematic of underlying problems" in the market, Stifel said.
"We continue to forecast the S&P 500 corrects about -10% to ~4,750 before the end of 3Q 2024 from the recent peak," strategists said in a note on Tuesday.
When the inflation-adjusted S&P 500 transitions out of a Secular Bull Market it historically enters a 'Secular Bear Market,' which is a much more treacherous period for investors."
Persons:
—, Stifel, Stocks
Organizations:
Service, Federal Reserve, Secular