Fair Warning – Another Leg Down Is Likely
May 22, 2020 at 14:29 PM EDT
By Roman Chuyan, CFA This recession is likely the most severe in 74 years. GDP is expected to contract 25-30% in Q2. Our outlook for the S&P 500 dropped sharply to -15% on negative economic factors. The model’s -15% forecast is a fair warning – this is an opportunity to reduce risk exposures....