A Triple-Whammy-Plus Set Of Factors Driving Stocks Lower

[] Headwind #3: The Case For The Coming Market Crash [View in browser]( [View in browser]( [] From the Desk of Don Yocham: [] From the Desk of Don Yocham: [] [Stock chart on fire]( For months now I’ve been laying out my case for dramatically lower stock prices. Fed money printing is no longer fueling consumption. Price-to-Earnings multiples have yet to adjust to the lower earnings levels that will result. Rising interest rates resulting from tighter monetary conditions make the present value of those lower future earnings worth even less. And the uncertainty surrounding future interest, inflation, and growth makes everyone step back from the table until valuations drop low enough to compensate for a much wider range of outcomes. It’s a triple-whammy-plus set of factors driving stocks lower, each compounding the next. And this self-reinforcing cycle doesn’t end until confidence in the future price of money returns. How far stock markets could fall is anyone’s guess — though I’ve laid three approaches to determining realistic bottoms. Today I have a fourth. [But before I share the fourth with you, let’s review how far prices could drop and the three other ways to justify how we get there…]( [] [Signature Don Yocham] Don Yocham [] P.S. In my [FREE Prosperity Pub Telegram channel]( I look at the market’s possibilities every single day with a group of like-minded traders. Join us and see how we’re making these markets work for us. [] [Stock chart on fire]( For months now I’ve been laying out my case for dramatically lower stock prices. Fed money printing is no longer fueling consumption. Price-to-Earnings multiples have yet to adjust to the lower earnings levels that will result. Rising interest rates resulting from tighter monetary conditions make the present value of those lower future earnings worth even less. And the uncertainty surrounding future interest, inflation, and growth makes everyone step back from the table until valuations drop low enough to compensate for a much wider range of outcomes. It’s a triple-whammy-plus set of factors driving stocks lower, each compounding the next. And this self-reinforcing cycle doesn’t end until confidence in the future price of money returns. How far stock markets could fall is anyone’s guess — though I’ve laid three approaches to determining realistic bottoms. Today I have a fourth. [But before I share the fourth with you, let’s review how far prices could drop and the three other ways to justify how we get there…]( [] [Signature Don Yocham] Don Yocham [] P.S. In my [FREE Prosperity Pub Telegram channel]( I look at the market’s possibilities every single day with a group of like-minded traders. Join us and see how we’re making these markets work for us. [] Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. This email was sent to {EMAIL} by Prosperity Pub 495 Town Plaza | Ponte Vedra | FL | 32081 [Unsubscribe]( [] Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. This email was sent to {EMAIL} by Prosperity Pub 495 Town Plaza | Ponte Vedra | FL | 32081 [Unsubscribe](