The New York Stock Exchange (NYSE) is pictured on April 20, 2020 at Wall Street in New York City. - Wall Street opened lower on Monday as traders grappled with a drop in oil prices to 22-year lows as the coronavirus pandemic sapped demand for energy. The Dow Jones Industrial Average was down 1.8 percent to 23,798.01 about 10 minutes into the trading session.The broad-based S&P 500 had declined 1.3 percent to 2,835.08, while the tech-rich Nasdaq had fallen 0.7 percent to 8,588.66. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
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Scott Minerd: S&P 500 could fall 50%
Guggenheim Partners global chief investment officer tells CNN Business' Matt Egan why he expects a looming market collapse could force the Federal Reserve to buy US stocks.
3:09 • Source: CNN
Top business news 16 videos
The New York Stock Exchange (NYSE) is pictured on April 20, 2020 at Wall Street in New York City. - Wall Street opened lower on Monday as traders grappled with a drop in oil prices to 22-year lows as the coronavirus pandemic sapped demand for energy. The Dow Jones Industrial Average was down 1.8 percent to 23,798.01 about 10 minutes into the trading session.The broad-based S&P 500 had declined 1.3 percent to 2,835.08, while the tech-rich Nasdaq had fallen 0.7 percent to 8,588.66. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)
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Scott Minerd: S&P 500 could fall 50%
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