Barron's: Guggenheim's Minerd Says Stocks Should 'Fall Another 20%' by Mid-October. Here's Why.

Article by Angela Palumbo in Barron's

Guggenheim Securities Chief Investment Officer Scott Minerd expects stocks to drop another 20% by mid-October, citing the connection between price-to-earnings ratios and inflation.

“We should see stocks fall another 20% by mid-October…if historical seasonals mean anything,” Minerd said in a tweet.

Following his tweet Thursday, Minerd was interviewed on CNBC where he said that “when you’re looking at history… it really is stark to see the price earnings ratio where it is.”

Minerd added that .......

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