Wall Street renowned short-seller Peter Berezin expects the Federal Reserve to accelerate rate cuts in the second half of 2026

Odaily Planet Daily reports that well-known Wall Street short seller Peter Berezin stated that in early 2026, as investors shift from technology stocks to non-tech stocks and from growth stocks to value stocks, the stock market decline may be modest. It is expected that this series of factors will ultimately lead the S&P 500 to close at 5,280 points in 2026, a 23% decline for the year, while the Nasdaq Composite Index could fall by 31%. Additionally, while the US dollar weakens, the Japanese yen appreciates significantly, with the USD/JPY expected to reach 115 by year-end. Gold prices hit a new all-time high again. Concerns about a US recession continue to intensify, prompting the Federal Reserve to accelerate its rate cuts in the second half of 2026. By December 2026, the federal funds rate will drop to 2.25%, and the 10-year US Treasury yield will fall to 3.1%. (Jin10)