Friday’s market drop put the S&P 500 at about 3,700 points.
Late Thursday, Goldman Sachs said the S&P 500 could drop to 3,600 points by the end of this year, a 16 percent cut from its previous target.
The Federal Reserve just announced another big rate hike this week, and there could be more to come.
One Goldman analyst said a majority of investors think a hard landing is inevitable.
NTD talked to economist Robert Genetski about the big market drop and what’s behind it.
