CNBC Pro

Jeremy Grantham says the end of 'bubble extravaganza' is coming, calls for stocks to drop 45%

Jeremy Grantham, co-founder and Long-Term Investment Strategist of Grantham Mayo van Otterloo.
Source: The Years Project | SHOWTIME

Notable investor Jeremy Grantham has issued another dire call on U.S. markets, saying the burst of multiple-asset bubbles will cause the S&P 500 to tank 45%.

More In Follow the Pros

CNBC ProBest trades on CNBC Wednesday: Investors can shield from volatility in these stocks
CNBC ProBest trades on CNBC Tuesday: Why pros are adding commodities and crypto
CNBC ProRay Dalio is having a good year with Bridgewater's flagship fund gaining more than 30% so far