New Delhi, April 7 -- Christopher Wood, global strategist at Jefferies and author of the influential GREED & fear note, has sounded a dire warning about the US equity markets. In his latest commentary, Wood flagged a growing risk of a "waterfall decline" in US stocks, calling it the base case scenario as trade tensions and policy missteps mount. As market turmoil continues globally, Wood's cautionary tone suggests that investor optimism may be dangerously misplaced.

According to the GREED & fear note, the looming market crash is not merely about stretched valuations. Instead, Wood argued, the real risk lies in a potential "panic unwind" of passive investment flows. "Everybody owns the same stocks," the note emphasized, warning that if a ...