Fox Business
- US stocks could plummet as much as 30% over the next two months, Larry McDonald said.
- "The Bear Trap Report" founder sees higher interest rates choking demand and hammering the economy.
- McDonald also predicts investors will swap stocks for bonds to earn higher yields.
US stocks could plunge up to 30% within the next two months as surging interest rates squeeze consumers and jaded investors swap equities for bonds, Larry McDonald has warned.
The founder of "The Bear Trap Report" told Fox Business on Wednesday that his set of 21 systemic risk indicators "point to one of the highest probabilities of a crash in the stock market looking out 60 days."