Jim Paulsen Predicts S&P 500 Will Fall Over 10% This Year Despite Oil Price Decline

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According to veteran investment strategist Jim Paulsen, the S&P 500 index is expected to decline over 10% this year despite two-digit percentage drops in WTI crude oil prices. Paulsen's analysis of data since the 1970s shows that historically, whenever oil prices spike and subsequently fall, the S&P 500 has experienced periods of consolidation or direct declines as investors recognize the economic damage from oil shocks.
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