Ace Investor Jim Rogers Sounds Alarm, Expects U.S Markets To See Big Correction Soon

The US markets have been on a rollercoaster ride recently, with shockwaves rattling investors worldwide. Jerome Powell's hint of a rate cut in the upcoming September Fed meeting brought a brief sigh of relief, but that was short-lived.[Visuals of stock market rebounds and then sharp declines]

Weekly Jobless Claims data, Rising unemployment, disappointing manufacturing data, and geopolitical uncertainties are all contributing to experts raising the odds of a possible recession.

In an interview to ET Now, veteran investor Jim Rogers talks about the likelihood of a market crash.

The ace investor believes that US markets have not seen a major crash since the 2008 financial crisis and therefore something drastic could hit the markets soon.

Rogers advises caution. His best bet? Hoard cash. With global debt already surpassing 35 trillion dollars, according to the US Department of Treasury, holding onto cash might be your safest strategy in these turbulent times.
Earlier, a JP report predicted a 45% chance the US could enter a recession by the second half of 2025.

Meanwhile, Warren Buffett is now sitting on a huge amount of cash reserves of $277 billion, up from an already record $189 billion just a few months earlier, which many believe to be a signal that the Oracle of Omaha is expecting a market crash.

Also Read: Warren Buffett Sells Another Tranche of Bank of America Shares