Henrik Zeberg, a macroeconomist, believes that the stock market is most definitely headed for one of its greatest crashes ever.
Before his anticipated fall, Zeberg tells his 109,300 Twitter followers that he anticipates a significant blow-off top rise for stocks in the upcoming months.
The Greatest Crash
An exchange-traded fund (ETF) that seeks to track an index of big and mid-cap emerging market equities, the iShares MSCI Emerging Index Fund, is the subject of the economists’ forecast, which is accompanied by a graphic. Zeberg predicts that stocks would rise while the dollar index (DXY), which compares the USD to a basket of international currencies, will decline.
Zeberg envisions the stock markets crashing as the dollar index soars parabolic after his anticipated rally through 2024.
- Zeberg believes that the stock market is headed for one of its greatest crashes ever.
- Zeberg tells his 109,300 Twitter followers that he anticipates a significant blow-off top rise.
- Top 40 German firms that trade on the Frankfurt Stock Exchange make up the DAX index.
I want to be very clear about this: Risk assets and stocks are about to undergo the biggest meltdown in history! There is a strong recession! Yet, no… First comes the absurd and despised blow-off top, which will attract investors to the wrong side before the crash.
Zeberg additionally supports his argument with data from the DAX. The top 40 German firms that trade on the Frankfurt Stock Exchange make up the DAX index.
Zeberg notes that the DAX just experienced its greatest monthly candle close on record. This week, the DAX closed at its highest level ever! however, it was the highest monthly close ever.
Do you honestly think that the Nasdaq peaked in November 2021 while the DAX reaches an all-time high in May 2023? Or perhaps…US markets will enter the Recession as the last man standing.
The macroeconomist recently expressed his opinion that Bitcoin (BTC), like the stock market, is about to see a blow-off rise. Before starting a parabolic run, BTC may drop as low as $25,200, according to Zeberg.
