Experts Predict Stock Market Crash Amid Recession Risks and Inflation Concerns

Wall Street braces for potential downturn as economic indicators and AI frenzy fuel market overvaluation.

Wall Street experts warn of a potential stock market crash due to recession risks, high inflation, and overvaluation driven by AI frenzy.
Paul Dietrich, chief investment strategist at B. Riley Wealth Management, predicts a 30% market downturn if a recession occurs, with the S&P 500 potentially tumbling by over a third.
Investor sentiment remains divided, with 42% feeling optimistic about the market's future, despite the highest odds of a recession since the 2008 financial crisis.
Inflation concerns persist, with consumer prices rising more than expected and core inflation at its highest in eight months.
The bond market and economic indicators signal an 85% chance of a recession in 2024, challenging the stock market's recent rally.