Just one opinion from one ‘expert’ I am not endorsing nor refuting.
Disclosure: Have been holding dry powder - if there’s a 20% hit I certainly won’t like how it looks for my current holdings - but at 20% down - I’d blow most of my dry powder barring any other major geopolitical changes.
https://www.cnbc.com/2022/09/09/scott-minerd-calls-for-the-s…
“Scott Minerd calls for the S&P 500 to drop 20% by mid-October, saying the bear market is intact”
Apologies, here is the link and certainly it’s Google-able as the story is carried by other outlets in case there’s a pay wall here.
Minerd would have to be just lucky if the SPX dropped 20% by mid October.
That is an irrational guess. It is too soon too fast.
Don’t hold your breath waiting. This can drag out.