Topic - Barry Bannister

When stocks have looked this expensive on such measures in the past, he said a recession and sharp downturn for stocks has followed.

Wall Street edges back from its records as FedEx slumps →

He says all the downward pressure on inflation that an economy usually gets from a recession has already been wrung out following the U.S. economic slowdown from 2022 into 2023, and he expects the next big move of 500 points for the S&P 500 to be downward.

Wall Street drifts around the edge of its record →