S&P 500 could plunge 30% warns legendary economist Gary Shilling recession risk rises fast

Published on 4 May 2026

His call for a deep correction hinges on one warning

Legendary economist Gary Shilling warns that U.S. stocks could face a major correction, with the S&P 500 potentially plunging 30%. He also cautions that the economy may slip into recession, citing the fragility of current conditions and the likelihood of rapid market repricing. Investors are watching whether his bearish signal gains traction.

Gary Shilling predicts a major U.S. stock market correction
He estimates the S&P 500 could drop as much as 30%
A recession risk, in his view, is rising alongside market stress

#united states #gary shilling #stock market #s&p 500 #recession

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S&P 500 could plunge 30% warns legendary economist Gary Shilling recession risk rises fast

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