The market will peak and drop back to trend, and getting back to trend from current levels implies a decline closer to 70% than 50%.

forecastpending

Speaker

Jeremy Grantham

Evidence Quote

getting back to trend from here is closer to a 70% decline than a 50% decline

Source

Billionaire investor Jeremy Grantham: This is the most expensive market in American historyCNBC Television
Created: 7/5/2026, 11:28:50 PM

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