Stocks are likely to witness major correction by the end of 2026 even as the U.S. economy could slip into a recession, top economist Gary Shilling has predicted. Shilling comments came amidst the growing concerns among Americans over President Donald Trump’s handling of the economic affairs. Wall Street investors have also been voicing apprehensions over likely stocks’ plunge due to detrimental impact of artificial intelligence (AI) dependence.
U.S Stocks Plunge
Shilling said that stocks may get corrected because of inflated valuations. S&P 500 may plunge 30 per cent.
Live Events
S&P 500 is down 71.47 points, or 1 per cent for the week, Dow Jones is down 328.58 points, or 0.7 per cent, Nasdaq is down 357.47 points, or 1.5 per cent, and Russell 2000 is down 26.12 points, or 1 per cent for the week.
U.S Economy to Go into Recession Mode?
Shilling has warned that there could be a slowdown in…
