The world’s top stock strategist says an 'earnings recession' is coming for markets—and it could be similar to what happened during the 2008 financial crisis

Stock trader Peter Tuchman works on the floor of the New York Stock Exchange (NYSE) on December 15, 2022 in New York City. (Credit: Spencer Platt—Getty Images)

In bear markets, stocks don’t typically fall in a straight line. 

Over the past 50 years, even in the worst financial crises of the modern era, brief rallies have occurred 6.5 times on average per bear market.