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Omega Advisors CEO Leon Kuperman warns that the US economy will enter a recession next year and drag down the stock market. Leon Kuperman pointed out that after the Iran War, Brent crude oil prices remained at $90 per barrel, and retail sales in July decreased by 0.6% month on month. The rebound in inflation will hit stock valuations. Leon Kuperman believes that there is a deviation in the market's expectations for S&P 500 profit growth and avoids technology stocks. The yield of the 30-year treasury bond bond hit 5.33% on Tuesday, the highest since June 2007. Leon Kuperman said that the current market is generally bullish, and once a negative catalyst appears, investors will quickly sell.