US is approaching the end of a SUPERBUBBLE caused by COVID stimulus and could now endure the largest markdown of wealth in its history, top investor Jeremy Grantham warns
Legendary UK investor Jeremy Grantham warned the US ‘superbubble’ that saw economic prosperity across all markets would soon pop
The GMO co-founder said the market could lose $35 trillion in value once the Federal Reserve begins raising interest rates
He said the blow would finally slay the ‘vampire phase of the bull market’ that survived COVID and rising inflation
The bull market is used to describe when prices are on the rise for a fixed period of time
Grantham blamed the Federal Reserve for encouraging the ‘superbubble’ as it lowered rates and raised optimism in the market throughout the pandemic
It comes as the Federal Reserve is set to meet next week with investors expecting news on an interest rate hike
I’ve been afraid of an atomic correction.