The Stock Market Could Get Cut in Half Next Year, Warns Hedge-Fund Manager

Democratic presidential hopefuls New Jersey Senator Cory Booker, Representative for Hawaii Tulsi Gabbard, Minnesota Senator Amy Klobuchar, Mayor of South Bend Pete Buttigieg, Massachusetts Senator Elizabeth Warren, Former Vice President Joe Biden, Vermont Senator Bernie Sanders, California Senator Kamala Harris, tech entrepreneur Andrew Yang and billionaire-philanthropist Tom Steyer participate in the fifth Democratic primary debate of the 2020 presidential campaign season. Photograph by Saul Loeb/AFP via Getty Images

This article originally appeared in MarketWatch, a sister publication of Barron’s. We publish articles from other Dow Jones sites when we think our readers will enjoy them.

Steven Gidumal, managing partner of Virtus Capital, on Monday joined a growing line of several prominent Wall Street signal-callers—albeit with a gloomier outlook than most—when he said the fate of this relentless bull market hangs on what happens in the upcoming 2020 presidential election.

And by sell off, Gidumal means by as much as 50%, according to CNBC.