Nick French: Dealing with late-cycle risk
Most unloved bull market in history?
Nick French: "While all stockmarkets have risen in recent years, some have forged ahead faster than others so the risks in each market are discrete."
With equity prices hitting all-time highs, investor confidence has pivoted and individuals and companies appear to be approaching a dangerous level of euphoria - in short, argues Nick French, late-cycle risk is back
This is the possibly the most unloved bull market in history. Investors brave enough to buy into the S&P 500 index at its March 2009 lows have seen close to a fourfold increase in their money. And yet,...
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