The stock market is going through a "euphoria" episode that will end badly, according to Smead Capital.
Other commentators have warned of market downside as interest rates stay higher for longer.
AdvertisementAdvertisementThe stock market is going through a "euphoria" that could end badly for equity investors, according to investment advisor Smead Capital.
"In our conversations with investors, we are pointing out the 'totality' of this financial euphoria episode.
Other Wall Street commentators have warned of more downside ahead for equities as interest rates stay higher-f0r-longer.
Persons:
—, Smead
Organizations:
Smead Capital, Service, Smead, South Seas
Locations:
Amsterdam