Henrik Zeberg Sees Nasdaq 100 Crashing 72% by 2027 After Run to 39,000
Updated
Updated · Business Insider · Sep 12
Henrik Zeberg Sees Nasdaq 100 Crashing 72% by 2027 After Run to 39,000
1 articles · Updated · Business Insider · Sep 12
Summary
Nasdaq 100 could surge to 37,000-39,000 by late 2026 before collapsing to about 10,600 in 2027, Henrik Zeberg said, arguing an AI-driven blow-off top will give way to a dot-com-style bust.
Zeberg says his model points to a recession beneath strong headline data, citing a 27% long-term unemployment rate, a 2% August drop in existing home sales and a 3% personal savings rate.
His four-stage сценарio starts with bad news fueling rate-cut bets and a vertical rally, then a Q4 2026 peak as the Dollar Index falls to 93-94 and a trigger such as a big tech earnings miss sparks a violent selloff.
A fake bounce in early 2027 would be followed by recession recognition, falling yields and stress in private credit and banking, before a possible black-swan event drives stocks back to 2022 lows.
The call sits outside Wall Street consensus, which still expects the AI boom to run for years even as oil above $100 and uneven consumer finances deepen concern about the US economy.