MacroeconomistHenrik Zeberg expectsa massive blow-off top for equities in the coming months, saying recently that the stock market could likely head to one of thebiggest crashes in history.

In a Twitter post on Saturday, Zeberg said that stocks are likely on their way up, while the dollar index (DXY) which pits the USD against a basket of foreign currencies is likely on its way down.

The macroeconomist also shared a chart that included his prediction for the iShares MSCI Emerging Index Fund, an exchange-traded fund (ETF) that aims to track an index of large and mid-cap emerging market equities.

Let me be very clear:

We have the Largest Crash in Equities / Risk Assets since 1929 coming! Deep Recession!

But not yet…

First the inconceivable and very hated #BlowOffTop which will pull investors in on the wrong side before Crash

Stay on top: https://t.co/X89WATQHEP pic.twitter.com/qLHucQFhjF Henrik Zeberg (@HenrikZeberg) April 29, 2023

Zeberg tweeted that he sees the equities markets collapsing as the dollar index goes on a parabolic surge.

This is not the look of a market, which is about to crash – no matter how much you swear!#FAANG leading higher. Much higher! pic.twitter.com/YKK0u9oQQI Henrik Zeberg (@HenrikZeberg) April 28, 2023

Last week, Zeberg predicted thatBitcoinBTC/USD would skyrocket this summer as worries over an impending recessiongradually fade.The macroeconomist said that ablow-off top scenario is unfolding for both stocks and crypto, caused mostly by a drop in fixed-income yields.

Zeberg added that he believesthat a significant decline in yields would drive amarket rally while the economy would remain in acomfortable Goldilocks zone.

Meanwhile, Morgan Stanley's Managing Director and Chief Currency EconomistStephen Jentoldthe Financial Times last week that the U.S. dollar has suffered a stunning collapse as a reserve currency, which has seemingly quickened after Washington decided to wield its control over the dollar-based international financial system against Russia.

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