A 30-year investing vet who called the latest bear market warns that stocks have another 41% downside with US economy already in recession and the Fed continuing to ratchet up rates

• Jon Wolfenbarger thinks the US economy is already in recession.
• With growth slowing and the Fed still tightening, Wolfenbarger thinks stocks are due for big losses.
• The S&P 500 is already down around 20% year-to-date.

Jon Wolfenbarger thinks the US economy is already in recession.