Jeremy Grantham: The Most Expensive Market in American History 6/26/26

Investing legend Jeremy Grantham founded one of the first index funds in the 1970s, and in a special Squawk interview, he’s issuing a warning to investors. A permabear, Grantham expects a market decline of 70%, and he’s counseling his team to avoid U.S. stocks. Plus, OpenAI may wait until 2027 to IPO (cnbc.com/2026/06/26/open-ai-ipo-timeline-inves…), and Apple is hiking product prices (cnbc.com/2026/06/25/apple-macbook-ipad-price-h…), thanks to rising costs of memory chips (cnbc.com/2026/06/26/ai-memory-chip-shortage-co…).

Jeremy Grantham - 16:00

MacKenzie Sigalos - 41:55

In this episode:

MacKenzie Sigalos, @KenzieSigalos (x.com/kenziesigalos?lang=en)

Joe Kernen, @JoeSquawk (x.com/JoeSquawk)

Andrew Ross Sorkin,@andrewrsorkin (twitter.com/andrewrsorkin)

Katie Kramer, @Kramer_Katie (x.com/Kramer_Katie)

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