A recession in early 2025 could send the stock market tumbling 30%, strategist says

• A recession by early next year could send stocks down 30%, says BCA strategist Roukaya Ibrahim.
• Continued unemployment and headwinds from China's limping economy will be drivers of a downturn. 
• Wall Street veteran Gary Shilling holds a similar forecast, he told BI this week. 

There are two factors signaling a recession by year-end or early 2025, and a downturn could spark a 30% correction in stocks, according to BCA strategist Roukaya Ibrahim.

The strategist said on Monday that the US stock market is highly valued, and growth the PE estimates will sink back to levels more in line with the five years before the pandemic.