Legendary investor Jeremy Grantham says the stock bubble is still deflating and the market will bottom in 2024 amid the Fed's 'horror show'

• The stock bubble is still in the process of deflating and the market won't bottom until 2024, Jeremy Grantham said.
• The legendary investor blasted the Fed's monetary policy as a 36-year-long "horror show."
• He foresaw mild pain in the year ahead for investors, warning of a falloff in equities around April.

The stock market bubble is still in the process of deflating, and equities will finally bottom out amid the Federal Reserve's "horror show" monetary policy in late 2024, according to legendary investor Jeremy Grantham.