Macro guru Henrik Zeberg is issuing a dire warning to investors, saying that a type of market meltdown not witnessed in nearly a century is around the corner.
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 in tandem with each other.
The HMI looks at the health of the US housing market by rating the relative level of current and future single-family home sales.
According to Zeberg, the HMI and the US unemployment rate are behaving eerily similar to the way they did during the 2007 housing market meltdown that triggered the Great Financial Crisis.
The macroeconomist also predicts a massive stock market rally as the housing market collapses.
“The similarities are scary!
EQUITY BLOW-OFF TOP COMING then LARGER MARKET CRASH THAN 2007-09 (and in fact worst since 1929).”
According to Zeberg, the high-profile collapse of Silicon Valley Bank (SVB) could trigger a chain reaction that ignites his predicted surge in the stock market.
“SVB is the catalyst for FED [Chair] Powell to PAUSE!!
This at a time where the economy is not in recession.
The market response will be an EXTREME RALLY TO all-time highs before recession sets in and markets crash in largest crash since 1929.”Â
Zeberg also says that he expects the US economy to be in a downturn before this year expires.
“100% US will enter a recession at end of 2023.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
