The current mood on the stock markets is very reminiscent of January 2022: at its beginning, the S&P 500 first soared to peak values, then fell sharply, never returning to them during the year. In fact, that year the index ended 20% below the January level, which was the worst result in 15 years, noted in the analytical company Rosenberg Research.

According to its head David Rosenberg, which Business Insider reports, now both the mood of market participants and technical indicators are similar to those observed in December 2021, but the fundamentals are worse. The risk/reward ratio of U.S. equities is far from optimal, so avoiding risky assets or being concerned about proper hedging is recommended. An improvement in the financial sector could prevent a downturn in the stock market, the expert added.

Rosenberg in 2007 warned of an impending global crisis, which broke out the following year, but few people believed him - his predictions were considered too gloomy not to be taken seriously.