S&P Needs to Fall Another 10% According to Bloomberg Survey

As doubts grow over US economic growth, the federal reserve system tightens its most aggressive policy in decades and holds the world’s hottest US stock. The Stamp 500 index drops perhaps another 10%.

The S&P 500 is on the verge of a bear market, evaporating over $1 trillion. A recent study by Bloomberg MLIV Pulse found that US stocks are still declining. The average forecast of 1,009 respondents suggests that the index will continue to decline this year and may drop below around 3,500. That’s at least 10 percent from Friday’s close of 3,901 and 27 percent below January’s peak.

In the US market Amidst the volatility, there has been a mixed closing in the US market at the end of trading. Dow Jones remained flat after trading in the range of 900 points. At the same time, the Dow has improved by 625 points and closed. Nasdaq slipped 4 percent in intraday but closed down 0.30 percent in the end. Record high on Friday.