A 32-year market vet shares 2 charts showing stocks could be entering a major market peak — and warns a coming recession will send the S&P 500 plummeting more than 60%

• The S&P 500 has risen 26% since late October, but one bear says a pullback may be imminent.
• Historical trends show stocks falter when the Federal Reserve cuts rates amid looming recessions.
• Investors also seem complacent about inflation and high rates, warns Jon Wolfenbarger.

It’s been a near-frictionless seven months for the S&P 500, with the benchmark index up a cool 26% since late October.