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Stock impact report

One of the few bears on Wall Street worries stagflation could drive a 10% stock sell-off this year [Yahoo! Finance]

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Company Research Source: Yahoo! Finance
One of the few bears on Wall Street thinks the economy risks seeing a bout of stagflation by year-end. Sticky inflation and slower growth could spark a 10% hit to stock prices, Stifel's Barry Bannister said. Bannister pointed to early signs of the trend, like waning productivity and wage growth. The US risks encountering what some forecasters say is a worst-case scenario for the economy in 2025 — a situation that could potentially spark a 10% hit to stock prices, according to Stifel's top stock strategist. Barry Bannister, the managing director and chief equity strategist at the firm, was one of the few bears on Wall Street heading into this year, predicting the S&P 500 would end 2025 in the mid-5000s. He says he sees the risk that the US economy ent Read more
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