The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says

Peter Berezin, chief global strategist at BCA Research, said in a recent note that a recession will hit the US economy later this year or in early 2025, and the downturn will send the S&P 500 tumbling to 3,750. "The consensus soft-landing narrative is wrong. The US will fall into a recession...