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JP Morgan Predicts Huge US Stock Market Crash

US Stock Market Could Crash 23%, Warns JP Morgan

Jan-Joris Bernaards
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Jan-Joris BernaardsEntrepreneur  @ Blents
Finance

4 min read|Jul 3, 2024|26 views

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JP Morgan has forecasted that a major correction could hit the top 20 US stocks making the markets tank. It warned that the S&P 500 index could crash to a low of 4,200, a drastic decline of 23%. If the US stock market dips 23% according to JP Morgan, BRICS currencies will gain strength in the forex markets. While the US stock market will look at ways to stop the crash, BRICS could cause further damage by cutting ties with the dollar. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. JP Morgan’s bearish forecast for the US stock market is bullish for BRICS as it wants to pull the dollar down. The weakening of the US dollar is a boon to BRICS which wants to push local currencies ahead for trade. JP Morgan has already warned that the US dollar could dip in the next few decades and BRICS could make the most out of the decline.

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