IMF Warns: Stock Market Turbulence Ahead?

Is the stock market riding for a fall? The IMF warns that high stock prices, especially in the S&P 500, are flashing warning signs. Fueled by the Magnificent Seven tech stocks, market concentration is at dangerous levels, reminiscent of past crashes. With 30% of household assets in stocks, a correction could trigger a wealth effect slowdown, hitting consumer spending and the broader economy. Are your investments, and your wallet, ready for a potential downturn?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.