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•78% Informative
Bill Blain , the founder of Wind Shift Capital and a longtime strategist, sees stocks tanking by 7-12% by October .
The veteran strategist said stocks are overvalued and face risks from higher rates and the election.
Blain isn't touching Big Tech stocks and is only bullish on "boring" investments.
Blain is among a growing chorus of bearish forecasters on Wall Street, who think the excitement for AI and Fed rate cuts can only carry stocks so far. Strategists at Morgan Stanley , Stifel, and Richard Bernstein Advisors are predicting a near-term pullback of some magnitude, with more extreme forecasters calling for a stock correction as steep as 70% . Read the original article on Business Insider .
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