A recession could wipe out all stock gains of Trump's presidency: Leuthold's investing chief
February 13, 2019 at 08:50 AM EST
Doug Ramsey, chief investment officer of The Leuthold Group, on CNBC Wednesday laid out a series of worst case scenarios for stocks, including a "broad and deep revaluation" of the market during the next recession. The S&P 500, as of Tuesday's close, was up 28 percent since Election Day on Nov. 8, 2016. Over the next year, Ramsey believes the S&P 500 could "undercut" last...
