Price of Gold Remains Poised as Stocks May Double Their Losses

Economic recession fears have plunged U.S. stocks into a bear market, with the S&P 500′s decline now over 20% from it's all-time high to start January 2022.

The tech stock-driven Nasdaq is already deep in the bear market territory, trading down over 31% off its highs. These are a few names that surged during pandemic lockdowns that have been crushed this year.

Jeremy Grantham, the famed investor with a track record of identifying market bubbles, says today's bubble is worse than 2000, and he calls for US stocks to at least double their losses ahead.