Macro guru Henrik Zeberg has issued a dire warning to investors that a market crash unseen in nearly a century is coming.
Zeberg shared with his 102,100 Twitter followers a chart showing how the NAHB (National Association of Home Builders) Housing Market Index (HMI) and the US unemployment rate tend to move in tandem.
HMI examines the health of the U.S. housing market by rating the relative levels of current and future single-family home sales.
According to Zeberg, the performance of the HMI and the U.S. unemployment rate is strikingly similar to that of 2007 during the housing market crash that sparked the Great Financial Crisis.
The macroeconomist also predicts a massive stock market rally as the housing market crashes.
Source: Henrik Zeberg/Twitter
According to Zeberg, the high-profile collapse of Silicon Valley Bank (SVB) could set off a ripple effect that ignites the stock market surge he predicts.
Zeberg also said he expects the U.S. economy to be in a downturn by the end of the year.
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