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'This is the granddaddy of tops': A 49-year market vet says stocks are entering their 'last hurrah' before crashing 80% as inflation continues to soar and the Fed tightens

'This is the granddaddy of tops': A 49-year market vet says stocks are entering their 'last hurrah' before crashing 80% as inflation continues to soar and the Fed tightens
FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York CityReuters


David Hunter says stocks are about to see a melt-up.




But as the Fed continues to move to fight inflation, stocks will in turn get crushed, he said.




Hunter said he sees the S&P 500 falling up to 80%.


Stocks closed on Friday a couple percentage points below all-time-highs. But fear not. Stocks are about to enter a steep run-up that could lift the S&P 500 to 5,300 or higher, according to David Hunter, the chief macro strategist at Contrarian Macro Advisors.That's right a?? even this deep into one of the most remarkable bull runs in history, stocks have a lot of room to run, Hunter says. Fear not.Not yet, at least.Hunter says that sometime in 2022 a?? he bets it will be during the second quarter, but says it could also happen later on in the year a?? stocks will end a dramatic melt-up driven by overbullish sentiment and turn south quickly.A 
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