The stock market is ‘priced for perfection.’ Here’s what could drive a nearly 20% slump for the S&P 500 next year.

Eric Wallerstein, strategist at Clocktower, anticipates major difficulties for equity markets in 2025. According to him, the S&P 500 could drop by nearly 20%. This outlook stems from excessive valuations, with the market being « priced for perfection. » In this safety-seeking environment, investors could turn to gold, with prices potentially reaching $6,000 per ounce.

Source: Read the original article