Top Economist Predicts Historic Crash After Final Stock Market Surge

Economist Henrik Zeberg has issued a stark warning, suggesting that the current market rally—led by the S&P 500—is setting the stage for one of the most devastating financial crashes in modern history.
Zeberg believes the recent surge is part of a “blow-off top,” a parabolic price rise often seen before major downturns. In a July 2 post on X, he called this final leg of the rally “one for the history books,” driven by global momentum and investor complacency.
He maintains that the S&P 500 could still climb to around 6,800 in the near term, even as risks mount. At the time of writing, the index hovers near 6,219.
While optimistic in the short run, Zeberg’s long-term outlook is grim. He foresees an economic collapse that rivals the Great Depression, with early warning signs already appearing in housing, employment, and consumer demand.
“We’re getting closer,” he said, noting that structural weaknesses are beginning to emerge beneath the surface.
Zeberg also anticipates the current market exuberance will spill into crypto, warning that digital assets may rally before plunging alongside traditional markets. The warning comes as equities enjoy a bullish streak, fueled by fading geopolitical tensions and recovering investor confidence.