Stocks could fall 30% as US heads for a deep recession - BCA Research chief global strategist Peter Berezin

- BCA Research has issued a forecast for a potential 30% drop in the US stock market - The prediction is based on a potential recession expected in early 2025 - Berezin, chief global strategist at BCA Research, believes the labor market slowdown will affect consumer spending - This scenario could also slow global growth and impact international stocks - Despite reaching record highs in mid-May, stock indexes have since dropped - S&P 500 is currently up 15% since the start of the year - DOW JONE Industrial Average has climbed 3.7% year to date - Nasdaq Composite has seen a 20% increase in the same period