Economist warns stock market's ‘end phase' is brewing

Macro strategist Henrik Zeberg warns the stock market is entering an “end phase,” citing weakening economic fundamentals masked by a late-cycle rally in risk assets. The call is cautionary rather than a concrete catalyst, implying elevated downside risk if the rally fails to hold.

Analysis

Macro strategist Henrik Zeberg warns the stock market is entering an “end phase,” citing weakening economic fundamentals masked by a late-cycle rally in risk assets. The call is cautionary rather than a concrete catalyst, implying elevated downside risk if the rally fails to hold.