US stocks may ‘plunge’ 15% by end-October

Tough period: A faster-than-expected tapering of asset purchases from the Fed and the Delta variant are major risk factors for stocks. — Reuters

NEW YORK: US stocks may tumble 15% or more by the end of October in a challenging period for markets, according to Scott Minerd, chairman and chief investment officer of Guggenheim Investments.

“September and October are likely to be very rough this year” for stocks, Minerd said in a Bloomberg Television interview Wednesday.