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'Simply ludicrous': Wall Street's most bearish stock strategist says eye-bleeding valuations are just one factor that could send the market spiraling lower in 2020

'Simply ludicrous': Wall Street's most bearish stock strategist says eye-bleeding valuations are just one factor that could send the market spiraling lower in 2020
Xinhua/Wang Ying/Getty Images



Peter Cecchini, global chief market strategist at Cantor Fitzgerald, makes a compelling case for a market swoon in 2020.




Cecchini cites poor earnings quality, stretched valuations, and a plethora of other negative variables to back his thesis.




He also says "we believe a recession in the second half of 2020 is now a possibility worthy of discussion."




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Tension on Wall Street is palpable.
Talks of war, recession fears, and uncertainty around the 2020 election aren't exactly helping the cause either.
Still, despite this backdrop, the path of least resistance seems to be higher. After all, the S&P 500 closed out 2019 with a 29% while eclipsing new all-time highs. And according to age-old Wall Street folklore, the trend is your friend.
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