via DOW JONES WARNING: World stock markets heading for HUGE 40% crash, warns JP Morgan chief | City & Business | Finance | Express.co.uk

A plunge of this scale would effectively erase the recent gains for US stocks – the S&P 500 has increased by 38 percent over the past two years, while the Dow Jones Industrial has rallied a staggering 45 percent over the same period.

As investors worry about the consequences of central banks raising interest rates and rising inflation, the comments from a leader of one of the main US banking giants will not assuage any fears.

In an interview with Bloomberg Television, Mr Pinto warned: “We know there will be a correction at some point – it could be a deep correction.

“It could be between 20 percent to 40 percent depending on the valuation.”

via DOW JONES WARNING: World stock markets heading for HUGE 40% crash, warns JP Morgan chief | City & Business | Finance | Express.co.uk

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