Grantham Jeremy’s Market Insight: Valuations Remain Too High Despite 20% Drop in 2022

Jeremy Grantham, a legendary investor, cautioned investors of a potential stock market catastrophe in his 2023 outlook letter, which was just recently published. In his worst-case scenario, he predicted a 50% drop in the stock market this year, arguing that valuations are still too high even after last year’s 20% drop. According to Grantham’s worst-case…