Macro guru Henrik Zeberg is giving investors a dire warning, saying that a kind of market collapse is imminent that has not been seen in nearly a century.
Zeberg shares with his 102,100 Twitter followers a chart that shows how the NAHB (National Association of Home Builders) Housing Market Index (HMI) and the US unemployment rate tend to move together.
The HMI looks at the health of the US housing market by assessing the relative level of current and future single-family home sales.
According to Zeberg, the HMI and the US unemployment rate behave eerily similar to the way they did during the 2007 housing market collapse that triggered the Great Financial Crisis.
The macro economist also predicts a huge stock market rally if the housing market collapses.
“The similarities are scary!
EQUITY BLOW-OFF TOP COMES Than BIGGER MARKET CRASH THAN 2007-09 (and in fact the worst since 1929).”
According to Zeberg, the high-profile bankruptcy of Silicon Valley Bank (SVB) could tractor a chain reaction that ignites his predicted rise in the stock market.
“SVB is the catalyst for FED [Chair] Powell to PAUSE!!
This at a time when the economy is not in recession.
The market reaction will be an EXTREME RALLY TO all-time highs before recession sets in and markets crash in the biggest crash since 1929.”
Zeberg also says he expected the US economy will be in recession before this year ends.
“100% US enters recession by the end of 2023.”
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Featured image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
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