Veteran Investor Says “Big Correction Is Coming” in U.S. Markets
"We will have a big correction in the US market, and therefore in the world, whether it's because of Venezuela or who knows what. A big correction is coming," Rogers told media.
While analyzing his U.S. market outlook, Rogers also weighed in on Washington's military action that resulted in the capture of Venezuelan President Nicolas Maduro.
The financial expert described the intervention as indefensible, stating: "I find it outrageous that the US can just go around invading a country and kidnapping the president of another country. I find that absurd and dangerous. I just hope we don't have to suffer."
He continued: "I guess Mr. Trump has a defense, but I don't think it's defensible. I think it's absurd."
Rogers emphasized that American markets have been climbing continuously since 2008, making a downturn overdue. "We could very well have a big correction. If there is a correction, the market will blame it on Venezuela," he explained.
The U.S. equity rally has now exceeded every previous bull market in the nation's history, he observed.
"So we have never had such a long rising market in US history. If it starts going down, everything will go down," he warned.
Rogers highlighted that virtually every asset category has experienced dramatic appreciation, cautioning that the coming correction will be severe. "We are in 2026. We will have a big correction in the US market, and therefore in the world," he stated.
While indicating a correction might materialize this year, Rogers emphasized the importance of monitoring Venezuela's petroleum industry closely, suggesting crude prices could surge. Venezuela possesses the planet's most extensive oil reserves.
Rogers disclosed he has liquidated his entire U.S. equity portfolio. "Silver, cash and Chinese stocks I still own, but most markets around the world have gone up a lot," he revealed.
"I still have China. I still have Uzbekistan, but I am worried about investments in markets all over the world," he added.
After the military operation in Venezuela, U.S. President Donald Trump issued remarks indicating American corporations might participate in the country's petroleum sector. The White House separately confirmed the Trump administration has initiated discussions with U.S. oil firms concerning Venezuela.
Multiple accounts in the American media indicate U.S. petroleum companies remain hesitant about Venezuelan crude due to political instability, infrastructure deterioration, and additional considerations.
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