Stocks could fall 30% as US heads for a deep recession, analyst warns

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.Berezin's prediction hinges on the belief that the labor market will slow notably in coming months