‘Misguided euphoria in complacency’ may be this fragile stock market’s biggest threat
August 22, 2017 at 10:30 AM EDT
The greatest threat to the bull market, running into its ninth year, isn’t that valuations are too lofty but instead this period of low volatility and complacency, which statistically should revert to its normal roll and pitch, according to Michael Gayed, portfolio manager at Pension Partners LLC.