By Greg Hunter’s USAWatchdog.com - April 22, 2025

Renowned geopolitical and financial cycle expert Charles Nenner is not only predicting a big war cycle but a depression coming by the end of 2025 and into 2026. It’s not caused by the Trump tariffs; it’s just part of the cycle that Nenner follows. When does this big downturn start? Nenner explains, “In the next few months . . . and the end of this year will be a down year. 2026 will also be a down year. It’s going to be very serious. I wrote last year I expect the S&P to go down to 4,000. So, from 6,200 to 4,000 if you are in bad stocks, you could lose 50% of your money, and to get that back, you have to make 100% on what is left of your money. Then we can have a bounce and go lower again. If you look at the list of brokers, 99% are positive. They were talking about the S&P going to 6,800, and then they changed their minds when it came down.”

Nenner is predicting a down year for the stock market this year, but look out in 2026. Nenner says, “It will be much worse in 2026 because the cycles in 1928 and 1929 are in the same position as 2025 and 2026.”

Can it shoot through 4,000 on the S&P? Nenner says, “Most definitely, I think so, yeah . . . we expect a bounce from there before it goes down again.”

Beyond that, Nenner has long called for a DOW at 5,000. It’s nearly 39,000 today. Nenner says, “I calculated it at 5,000, yes, and I have not calculated it for the S&P.” . . .

[SNIP]

There is more in the 37-minute interview.