The S&P 500 could crash nearly 50% as a brutal recession takes hold, veteran technical analyst warns

• Stocks could crash nearly 50% as a severe recession sets in, Milton Berg has warned.
• The veteran technical analyst flagged investor complacency and more banking woes as risk factors.
• Berg expects the S&P 500 to plunge below its level in October and approach its pandemic lows.

The S&P 500 could crash nearly 50% as the US economy sinks into a severe recession, a veteran technical analyst has warned.