Famed economist warns stocks look similar pre-2022 drop

S&P 500 Inches Towards All-Time High, but Doom Looms in 2024, Warns Economist

The S&P 500 index is approaching its all-time high from January 2022, but according to economist David Rosenberg, this may not be a reason for celebration. Rosenberg, the founder of Rosenberg Research and a renowned forecaster who accurately predicted the 2008 recession, warns that the benchmark index could suffer a similar fate in 2024. Back in 2022, the index fell as much as 25% and closed the year down 20%.